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Category: Building Maintenance

Significant Changes in Mortgage Underwriting Immediately Impacts Florida Condominiums

Significant Changes in Mortgage Underwriting Immediately Impacts Florida Condominiums

As a result of the Champlain Towers South collapse, Fannie Mae and Freddie Mac have imposed new requirements for mortgages … more

Posted in Banks and Mortgages, Building Maintenance, Condominium Association, Reserve Accounts
Individualizing the Statute of Repose Analysis

Individualizing the Statute of Repose Analysis

In a recent case, Spring Isle Community Association, Inc. v. Pulte Home Corp., et al., Case No. 5D20-1420, the Fifth … more

Posted in Building Maintenance, Condominium Association, Construction Defects, Court Decisions of Importance, Homeowners Association, Townhomes
To Insure or Not to Insure? – Determining the Association’s Insurance Obligations in Townhome Communities

To Insure or Not to Insure? – Determining the Association’s Insurance Obligations in Townhome Communities

A frequent area of concern and dispute among owners and board members of townhome communities is the scope and extent of the … more

Posted in Building Maintenance, Common Elements, Community Association, Insurance, Townhomes
A Condominium Board’s Conundrum When Levying Special Assessments

A Condominium Board’s Conundrum When Levying Special Assessments

Pursuant to Section 718.111(1)(a), the officers and directors of condominium association owe a fiduciary duty to the unit … more

Posted in Budgets, Building Maintenance, Community Association, Condominium Association, Homeowners Association, Special Assessment
While Processing Our Sorrow and Grief Over the Champlain Condo Tragedy, Some Important Thoughts Come to Mind

While Processing Our Sorrow and Grief Over the Champlain Condo Tragedy, Some Important Thoughts Come to Mind

The tragedy of the lives lost and the devastation of the recent condominium collapse in Surfside, Florida is being felt by … more

Posted in Building Maintenance, Community Association, Condominium Association, Homeowners Association
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