FLORIDA – Condo reform does not help all owners
Orlando Sentinel: Condo reform does not help all owners
By Mary Shanklin
June 19, 2015
Gov. Rick Scott this week signed a law aimed at protecting the rights of condo owners when developers are trying to convert complexes into rental properties.The legislation is designed to restrict buyouts that enable companies that own the bulk of the units in a condo complex to force remaining owners to sell to them. The new law calls for bulk-ownership investors to compensate individual owners for the amount paid in most instances.
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