June 2010

Found 2 blog entries for June 2010.

A new Florida condo bill was signed by Governor Crist on June 1, 2010. There are a few points addressed in the bill that all condo owners and future owners should know. SB 1196 highlights are listed below:

  • Lenders will be required to pay more past-due assessments for foreclosed condonimiums.
  • Associations will be allowed to deny owners and occupants use of recreational facilities and common areas if the owner of the condo is 90 days delinquent in his/her obligations to pay the association dues.
  • Associations will be able to use rent paid by a tenant to pay delinquent assessments owed by the unit's owner.
  • Remove the requirement that condominium owners must purchase individual condo insurance coverage.
  • SB 1196 will
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The remaining units at the Halifax Landing are now bank owned. Tenants with leases at Halifax Landing have been notified that they have 60 days to move out.

New pricing should be available by June 17, 2010. More information about the sale of these condos and new pricing will be posted as available.

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