The enactment of the Corporate Transparency Act (“CTA”) by Congress on January 1, 2021, created a reporting duty for many foreign and domestic businesses. The CTA, which is meant to help prevent and combat financial crimes, including money laundering and tax fraud, requires reporting companies to file a Beneficial Ownership Information (“BOI”) report by certain...Continue Reading
Many Floridians are aware of legislation passed in the wake of the tragic collapse of Champlain Towers South in Surfside, Florida, requiring most residential condominiums and cooperatives of three (3) or more stories to undertake a Milestone Inspection (once the building(s) reach a certain age, generally 30 years) and conduct a Structural Integrity Reserve Study...Continue Reading
As many in Florida are aware, a State of Emergency has been declared by Governor DeSantis pursuant to Executive Order 24-215 on October 6, 2024. This order, amending previous Executive Order 24-214, declares a state of emergency for many counties throughout Florida as a result of Hurricane Milton and continues until December 5, 2024, unless otherwise extended. ...Continue Reading
The 2024 legislative session resulted in a number of changes to the laws governing Florida condominium and homeowner associations. Within those changes included deadlines for certain actions to be undertaken by the association and, in some instances, members of the Board of Directors. Below is a summary of these upcoming deadlines, with comments from our...Continue Reading
The St. Johns County Board of County Commissioners recently provided correspondence to registered agents and designated representatives of three story and higher condominium and cooperative associations within the County. This correspondence serves to provide an overview of pending deadlines for completion of the Milestone Inspection, and further provides that it is reviewing whether to prescribe...Continue Reading
The tragic event surrounding the collapse of Champlain Towers South Condominium in Surfside, Florida has raised questions regarding maintenance of common elements, common areas and facilities maintained by community associations, and the importance of obtaining (and following) advice from professionals retained by the association, including engineers and licensed contractors. Condominium associations have an obligation to...Continue Reading
