Al Raymondi's Ormond By The Sea Real Estate Blog

head_left_image

Florida Condo law changes effective July 1, 2010

Florida Senate Bill 1196, The Distressed Condominium Relief Act, has passed the legislature, has been signed by Governor Crist and becomes effective July 1, 2010. 

The new changes will impact Florida Statutes Chapter 718 (Condominiums); Chapter 719 (cooperatives); and Chapter 720 (Homeowners Associations).  I concentrated on the condo changes that may impact Ormond By The Sea condos.  The most significant change to the condo law involves:

 • Information maintained in the official Condo Association records and unit owners access to official records.

 • Lenders acquiring title to a condo unit after July 1, 2010 will be liable for 12 months of unpaid assessments.

 • Condo Associations may demand rent from tenants whose owners are delinquent.

 • Condo Associations may fine individuals for violations the governing documents.

 • Condo Associations may suspend a delinquent owner's right to vote and to use common elements after 90 days.

 • Condo owners are no longer required to submit evidence of insurance to their association.

 • Condo Associations are not authorized to purchase insurance for a unit owner.

 • Condo Associations may contract for Bulk internet and phone services without unit owner approval

 • Condo Associations may delay or waive the retrofitting for a fire sprinkler system and up-grades to elevator and fire alarm systems that were previously required.

 These are the major changes that I noted in a quick review of the law that may impact Ormond Beach and Ormond Buy The Sea condos. Since I am not an attorney please seek counsel if you have any questions about the impact or specifics of the law. The law can be viewed at: http://www.flsenate.gov/session/index.cfm?Mode=Bills&SubMenu=1&BI_Mode=ViewBillInfo&BillNum=1196&Year=2010&Chamber=Senate#BillText

 For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously

 

 

Have a great day

Al Raymondi
Ocean View Realty Group
1350 Ocean Shore Blvd. Suite A
Ormond Beach, FL 32176
Ormond By The Sea Florida sales and rentals of homes and condos www.ovrealty.com 
Click the Realtor Logo below to search the Daytona Beach Florida area MLS anonymously.
386-441-8245
Fax 386-441-2407
Mail to ovrealty@aol.com
Ormond By The Sea Florida Vacation rental homes and condos information is at www.ormondbeachcondorentals.com 

Serving Ormond Beach and Ormond By The Sea in the Daytona Beach Florida area from the same location since 1991.

Homes and condos for sale by ocean View Realty Group    Ormond Beach Florida homes and condos for Lease by Ocean View Realty Group       Search the Daytona Beach area MLS     View Al's Linked-in profile     Follow Ocean View Realty Group on Twitter

subscribe to Al's ActiveRain Blog       

 

 
Comment balloon 3 commentsAl Raymondi • June 29 2010 07:12AM
Florida Condo law changes effective July 1, 2010
share
Florida Senate Bill 1196, The Distressed Condominium Relief Act, has passed the legislature, has been signed by Governor Crist and becomes effective July 1, 2010. The new changes will impact Florida Statutes Chapter 718 (Condominiums);… more
Seabridge North vacation rental Condo Unit 102 in Ormond By The Sea…
share
Seabridge North Condominium vacation rentals Unit 102 Seabridge North Condo 3170 Ocean Shore Blvd Ormond Beach Fl 32176 View the ocean from this 2 bedroom 2 bath condo at Seabridge North in Ormond By The Sea Florida. Enjoy the ocean breezes… more
A new Ocean Front Park has just opened in Ormond By The Sea, Florida.
share
Volusia County has added a new park to provide additional off beach parking. North Shore Park in Ormond By The Sea, Florida is at Roberta Road on the east side of A1A. The site was the location of the Happy Whale Condominium and the Happy Whale… more
Chicken by the Sea closes in Flagler Beach Florida
share
The Chicken by the Sea restaurant on Route A1A in Flagler Beach Florida has closed. Evidently there may have been un permitted modifications to the building and other issues. more
Volusia County Florida property value slides
share
Volusia County Florida Property Appraiser Morgan Gilreath used these slides at a recent forum to graphically show the decline of the median sales prices for single family residences in the county since the bubble burst in 2006. The first chart… more
Billy’s Tap Room restaurant closes in Ormond Beach, Florida
share
Billy's Tap Room restaurant, an Ormond Beach landmark since 1922, closes Billy's Tap Room & Grill, on Granada Boulevard in Ormond Beach, northeast Volusia County, Florida now has closed signs on locked doors. The local hangout has quite… more
Billy’s Tap Room restaurant closes in Ormond Beach, Florida
share
Billy's Tap Room restaurant, an Ormond Beach landmark since 1922, has closed Billy's Tap Room & Grill, on Granada Boulevard in Ormond Beach, northeast Volusia County, Florida now has closed signs on locked doors. The local hangout has… more
Oceanaire condo For Sale in Ormond By The Sea Florida $169, 900
share
For Sale Oceanaire condo unit 205 is a 2 bedroom 2 bath with inside laundry $169, 900. Additional information and photos are on the Ocean View Realty Group web site at http://www. ovrealty. com/Oceanaire_205. php Fabulous views from this… more
Ocean House condo 203A for lease in Ormond By The Sea Florida
share
Ocean House Unit 203A Ocean House Condo unit 203 is a spacious 2 bedroom 2 bath second floor condo with fabulous views of this beautiful Atlantic Ocean. This rental unit is available furnished for $900 per month for an annual lease. Water,… more
The good news is… We will get less Bad!!
share
On June 8, 2010 I attended an educational forum titled "Trends in the Florida Real Estate Market and local Rental Estate Values. " The two main presenters were Timothy S. Becker, Director of The Center for Real Estate Studies at the… more