A condo termination, also known as a condominium deconversion, refers to the process where a condominium association legally dissolves. Condo terminations occur for several reasons including economic factors, aging infrastructure, or the desire of unit owners to capitalize on real estate market conditions.

The specifics of how a condominium termination is carried out can vary based … Read More ›

A U.S. District Court judge in Alabama recently ruled that the Corporate Transparency Act (CTA) is unconstitutional. The CTA, enacted on January 1, 2021, directs the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) to establish a nationwide database of beneficial ownership of certain corporations and other legal entities, including condominium, homeowner (HOA) and … Read More ›

A U.S. District Court judge in Alabama recently ruled that the Corporate Transparency Act (CTA) is unconstitutional. The CTA, enacted on January 1, 2021, directs the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) to establish a nationwide database of beneficial ownership of certain corporations and other legal entities, including:

Directors and board members of … Read More ›

This summary outlines 2024 legal updates impacting Florida condominium, homeowner (HOAs), and townhome community associations. From the new Federal Corporate Transparency Act to state-specific fire prevention code updates, these changes address issues including safety, deferred maintenance, home/condo sales transactions, and more.

As the legal landscape continues to evolve, Florida board members and property managers should work … Read More ›