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Search Results : Residential Real Estate

Miami-Dade County to Consider Ordinance Requiring Disclosure of Special Taxing Districts

January 23, 2019
Jeffrey R. Margolis  |  Real Estate, Residential Real Estate, Taxation

Miami-Dade Board of County Commissioners will consider today for first reading an amendment to the Miami-Dade County Code which would require sellers of residential property located within a special taxing district to disclose to buyers that such property is located within a special taxing district and subject to payment of assessments.[…]

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Affordable Housing in Florida: The Crisis is Real

March 27, 2018
Iryna Ivashchuk  |  Real Estate, Residential Real Estate

One of the biggest barriers to economic stability for households in the United States is the severe shortage of affordable homes. A household is considered severely cost burdened if it spends more than 30% of its income on housing (rent or mortgage payments). Florida is in the midst of an affordable housing crisis with the third largest homeless[…]

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FinCEN Increases Scrutiny to Combat Money Laundering on Residential Real Estate in Miami-Dade and Palm Beach Counties

August 29, 2017
Josh Brandsdorfer  |  FinCen, Florida real estate, Florida Real Estate Attorney, Money Laundering, Real Estate, Residential Real Estate

Due to the continued effects of money laundering in certain geographically targeted areas, including Miami-Dade and Palm Beach Counties, the Financial Crimes Enforcement Network (FinCEN) has recently increased its investigation into high-end residential real estate transactions. All cash residential real estate transactions with purchase prices over the[…]

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Governor Signs Condominium and Homeowners Association Legislation but Vetoes Legislation Which Would Have Modified the Condominium Sprinkler Retrofit and Life Safety Requirements

June 27, 2017
Jeffrey R. Margolis  |  Condominiums, Homeowners Association, Real Estate, Residential Real Estate

Citing to the recent London high-rise fire, Florida Governor Rick Scott vetoed House Bill 653 which, among other things, sought to amend the condominium fire sprinkler retrofitting and life safety systems requirements. However, the Governor signed House Bill 1237 and House Bill 6027 into law on June 26, 2016.  The legislation signed by the Governor goes[…]

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2017 Statutory Changes to Florida’s Condominium Termination Statute

June 26, 2017
Barry D. Lapides  |  Condominiums, Homeowners Associations, Real Estate, Residential Real Estate

As an update to my previous blog dated June 15, 2017 on terminations of condominiums which can be found here, Florida Governor Rick Scott signed Senate Bill 1520 into law on June 16, 2017. Senate Bill 1520 addresses the termination of condominiums in Florida and impacts the manner in which Florida condominiums may be terminated pursuant to Section[…]

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Terminating Condominiums in Florida

June 15, 2017
Barry D. Lapides  |  Condominiums, Homeowners Association, Real Estate, Residential Real Estate

One of the hot development trends in Florida are developers terminating existing residential condominium buildings and repurposing such buildings or land. One reason why developers are attempting to gain control of condominium buildings is because the property’s highest and best use is not for a condominium building but rather a rental building or some[…]

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Governor Signs Condominium and Homeowners Association Legislation

June 15, 2017
Jeffrey R. Margolis  |  Condominiums, Homeowners Association, Real Estate, Real Estate Development, Residential Real Estate

Florida Governor Rick Scott signed House Bill 398 into law on June 14, 2017. House Bill 398 addresses estoppel certificates and expands the scope of the current statutory provision.  Specifically, the legislation changes the process and requirements for issuance of estoppel certificates by condominium and homeowners associations as follows: The time[…]

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Legislation to Overhaul Florida's Construction: Defect Law Moving Through the Legislature

April 17, 2017
Jeffrey S. Wertman  |  Condominiums, Construction Litigation, Dispute Resolution, Real Estate, Real Estate Litigation, Residential Real Estate

In my March 1, 2017 blog, I discussed how Florida SB 1164 seeks major changes in Florida's construction defect law, including requiring contractors to notify subcontractors of an owner’s notice of defects, requiring notice to and acknowledgment from owners of the risks and benefits of accepting or rejecting repair offers, requiring the claimant or agent[…]

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Drones Are in the Air and "Should Also Be on Associations' Agendas”

April 14, 2017
Jeffrey R. Margolis  |  Condominiums, Drones, home owners associations, Real Estate Development, Residential Real Estate

Drones may be put to use for a variety of purposes including recreational use, videography and photography, inspection of facilities, and safety purposes. In the near future it is likely that drones will be widely used in commercial ventures including delivery of packages to individual residences.  There are so many potential uses for drones that one[…]

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Florida's Construction Defect Statute: Renovation Begins Again

March 1, 2017
Jeffrey S. Wertman  |  Condominiums, Construction Litigation, Litigation, Real Estate, Real Estate Litigation, Residential Real Estate

Renovation is underway again on Florida’s construction defect law, Chapter 558 of the Florida Statutes. Florida’s construction defect law requires the owner of real property in Florida to provide contractors, developers and other construction parties with a formal written notice of potential construction defects and the reasonable opportunity to fix the[…]

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