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Fannie Mae Tightens Lending Standards for Florida – Project Eligibility Review Required

Fannie Mae recently announced several changes to its standards and reintroduced its Project Eligibility Review Service (PERS). Read PDF. PERS review is required for new and newly converted condominiums in Florida, while optional in projects located elsewhere throughout the United States. Fannie Mae likewise announced an intention to publish a list …

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In Re: Petition For Arbitration: Cypress Bend IV Condominium Association, Inc., v. Cheryl Pepper and Richard Frisbie, Arbitration Case No. No. 00-0417 (Final Order 6/26/00)

A. Facts:

In this case, the Cypress Bend IV Condominium Association (“Association”) filed a petition for arbitration against unit owners Cheryl Pepper and Richard Frisbie (“Respondents”). The Association alleged that the Respondents violated Article XIII, Section E of the Declaration of Condominium (“Declaration”) and Federal Law by installing a satellite …

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Elevator Retrofits Required for Safety – Master Elevator Key

There are various safety retrofits required in the State of Florida, many of them involving elevators and fire safety.  Every building in the State of Florida containing six or more stories is required to retrofit their elevators to allow operation in fire emergency situations with one master key.  Florida’s Department of Financial Services publishes …

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