6.27.2015

Governor Scott signed H 643 into law


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.
Read details, it seems home must also be homesteaded to qualify.

http://www.ccfj.net/LEGSESS15H643law.html

No comments:

Post a Comment