Solar Energy Program Creates Positive Returns; Governmental Program to Pay for Renewable Energy
Customers Able to ‘Sell’ Energy Produced by Solar Panels back to Gainesville Regional Utilities for next Twenty Years.
Condo Receiver Helps Collect Assessments
Court Rules in Favor of Use Blanket Receiver to Collect Rental Income When Investment Owners Fail to Satisfy Financial Obligations to Association. The Miami Herald and Sun-Sentinel both reported that the Third …
Bankruptcy An Option for Financially Distressed Condos and HOAs
At Least Five Community Associations in Florida have filed for Bankruptcy Protection and Relief.
Reorganization through Bankruptcy Allows Communities to Restructure Obligations and Reduce Debt.
FHA Approval Huge Factor in Marketability of Units
HUD Implements New Approval Process for Condominium Projects to Qualify for FHA Insured Mortgages.
Website Allows Users to Search for FHA Approved Projects.
On June 12th the Department of Housing and Urban Development (HUD) published Mortgagee Letter 2009-19 announcing the new process for approval of condominium projects. As previously reported on this Blog, Fannie Mae, a federally backed lender, announced several changes to its standards, including the imposition of PERS review.
Governor Vetoes SB 714; Unit Owner Insurance Coverage & Board Obligations
SB 714 Designed to Clarify Insurance Requirements & Provide Relief to Homeowners by Delaying Fire Sprinkler Retrofit.
Condominium Unit Owners Required to Maintain Insurance Coverage.
Governor Charlie Crist …
HOA & Condo Boards: Solar and Renewable Energy Improvements
Florida Law Governs Rules or Covenants Prohibiting Solar Collectors or other Renewable Resource Energy Devices.
Many community leaders may not be aware of Section 163.04, Florida Statutes which prohibits enforcement of restrictions …
Insider’s Analysis of the 2009 Legislative Session Webinar
Close to 200 Community Leaders and Professional Property Managers participated in the first of a series of webinars presented by Becker & Poliakoff, P.A.
On Wednesday, May 28, 2009, CALL presented a …
Taxation of Golf Courses and Association Property
Florida Attorney General Issues Advisory Legal Opinion Indicating that Golf Courses located within platted residential subdivisions are not subject to separate taxation.
Impact of AGO 2009-23 may save Community Associations thousands …
The Florida Supreme Court Expanded Insurance Coverage ff Construction Defects Under CGL Policies
The question before the Court was whether an insured general contractor had coverage for damages caused by the faulty workmanship of the site work subcontractor under a standard CGL policy.
Construction Defect Case Ruling in Favor of HOA
Developer’s Challenge to Notice of Meeting not Proper Defense to Construction Defect Claim Lake Forest Master Community Association, Inc. v. Orlando Lake Forest Joint Venture, et al., Case No. 5D08-2096 Lake Forest Master Community …
Bank Foreclosures Devastate Community Associations
A survey conducted by Community Association Leadership Lobby (CALL) confirms problems with community operations and lack of maintenance as a result of foreclosures. Averaged out, over 100 people per day responded to the 2nd Annual Foreclosure Survey conducted by …
New Construction Defect Legislation?
Today’s Fort Myers News-Press has an article about a new bill proposed by state Representative Gary Aubuchon. The proposed bill will further regulate what steps owners must take to pursue claims for construction defects. Florida already has …