This form is a Master Deed. This Master Deed is executed by a developer pursuant to the provisions of the Condominium Act. The deed contains a legal description of the project and the responsibilities of the co-owner.
Condominium Common Element With Bright Red Blood In Palm Beach
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State:
Multi-State
County:
Palm Beach
Control #:
US-00454
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Word;
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FAQ
Strengthened Safety Measures for Florida Condos By 2025, all inium buildings three stories or taller must adhere to new milestone inspection requirements: Initial inspections are mandated for buildings 30 years or older (or 25 years if located within three miles of the coast).
The 2022 state condo law, known as SB-4D, and its 2023 follow-up, SB-154, establish three primary requirements: licensed inspections, reporting and disclosures, and reserve funds. Importantly, these laws are not tax legislation that directly increases housing costs on condo owners.
The Act defines a inium as “that form of ownership of real property created pursuant to this chapter, which is comprised entirely of units that may be owned by one or more persons, and in which there is, appurtenant to each unit, an undivided share in common elements.” As the shares are undivided, the separate ...
Section 718.112(2)(l), Florida Statutes, requires certain inium associations to retrofit their common elements, association property, and units with a fire sprinkler system in ance with Chapter 633 (“Florida's Fire Prevention Code”) and any other code, statute, ordinance, administrative rule, or regulation ...
As a condo owner, you hold exclusive ownership rights to your individual unit, allowing you to occupy, modify, or sell it. These rights extend to the interior space of your unit, subject to the governing documents of the inium association.
Fla. Stat. §718.3027(1) now provides that a rebuttable presumption of a conflict of interest exists if any of the following occurs without prior notice: A director or an officer, or a relative2 of a director or an officer, enters into a contract for goods or services with the association.
—The purpose of this chapter is: (1) To give statutory recognition to the inium form of ownership of real property. (2) To establish procedures for the creation, sale, and operation of iniums. Every inium created and existing in this state shall be subject to the provisions of this chapter.
A fine may be levied by the board on the basis of each day of a continuing violation, with a single notice and opportunity for hearing before a committee as provided in paragraph (b). However, the fine may not exceed $100 per violation, or $1,000 in the aggregate.
The answer is yes, it is lawful to do this. Nothing disallows the Association to do this under F.S. 718, which is Florida's statutory law for inium associations. You can see it here.