Real estate issues are a topic of great concern in Florida for property owners and developers. Recently, various concerns spurred Gov. Ron DeSantis to sign a series of bills into law that are expected to alter the landscape in the Sunshine State. Two important new laws are centered on condominiums, homeowners associations and building permits for developers.
Understanding the new real estate laws
Homeowners associations – also referred to as HOAs – are a frequent target of complaints against leaders whose behavior is deemed questionable. Some of the worrisome actions taken by leaders including interfering in elections, assessment costs to residents being raised too substantially, a lack of maintenance and outright fraud. The law will put criminal penalties into effect for these activities. It also stops retaliation against residents lodging complaints.
One of the more important laws for developers will speed the process in which building permits are granted to build planned communities and residential subdivisions. The areas in which the developers plan to build would need to put in place a program by Oct. 1 to speed how permits are approved.
It is for counties that have at least 75,000 residents and municipalities that have a minimum of 10,000 people. This will benefit developers by streamlining the process and help their business.
The complexities of real estate law warrant professional advice
These new laws signed by Gov. DeSantis are examples of how real estate fluctuates based on the changing landscape. Since HOAs and condominiums have been a focus in recent years, it makes sense that laws were enacted to address residents’ rights and offer them protection. Regarding development, the real estate business thrives on flexibility and that is provided with the new laws speeding approvals processes.
Those who are subject to these or other laws should be aware of how they are impacted. For questions or concerns about these or other areas of real estate law, it is wise to have comprehensive and experienced help.
