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According to the Boston Globe, the list 2,308 properties in October, with the lion’s share — nearly 35 percent, or around 800 properties — in Florida. Show comments Advertisement
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...
It’s much more difficult to sell a condo. Buyers are aware we’re at somewhat of a tipping point for condos, and that their value may continue to decline as HOA fees rise and people grow more ...
The crisis follows new laws enacted after the 2021 Champlain Tower South collapse, mandating rigorous safety checks for condos over 30 years old, resulting in massive repair costs and a rush to ...
The Florida Legislature passed condo reform legislation in a May 2022 special session as Senate Bill 4-D, addressing issues highlighted in the aftermath of the Surfside collapse. [206] It was modeled on the 40 year recertification [207] scheme. [208] The bill creates a state-wide inspection program for condo buildings taller than three stories.
The WSJ reported condo inventory for sale in South Florida has more than doubled since the first quarter of 2023, to more than 18,000 units today, due to either rising insurance costs or repair ...
Boca Raton, Florida: United States 67 212,000 [5] Holiday Inn Club Vacations: Kissimmee, Florida: United States 28 [6] 7,273 340,000 [7] Hyatt Residence Club United States, Caribbean 16 [8] Vistana Signature Experiences (formerly Starwood Vacation Ownership) Orlando, Florida: United States, Mexico, Caribbean 22 [9] Exploria Resorts Orlando ...
Across Florida, aging condo buildings are facing rising expenses and millions of dollars in structural repairs to comply with new regulations following the collapse of the Champlain Towers ...
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