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This author has learned that the answer to that question is “yes” (and, upon a quick Google search, they look to be adorable). How is that remotely relevant to a real estate law firm’s blog? Well, many Florida condominium and homeowner associations have rules that prevent or restrict an owner
Special assessments are those assessments imposed against condominium unit owners, other than those assessments required by the association’s annual budget. Regular assessments, on the other hand, are fees collected from condominium unit owners for the payment of common expenses of the association. Special assessments can result in significant financial burden
While a SNDA and an Estoppel Certificate are usual and customary components to a commercial real estate transaction, their use may be foreign to first time buyers, sellers, or agents. A “SNDA” is an acronym for a Subordination, Non-Disturbance and Attornment Agreement. Use of a SNDA most often arises in commercial real estate transactions in which there is
The “Non-Developer Disclosure” contained within the FRBAR Condominium Rider (which recites Florida Statute 718.503(2)) requires the mandatory delivery of the following documents (by Seller) to the Buyer: Current copy of the Declaration of Condominium; Articles of Incorporation of the Association; Bylaws of the Association; Rules and Regulations of the Association;
