News Alert: New Potential Pitfalls in Bulk Acquisitions of Unsold Condominium Units

Years of changes in the Florida Condominium Act, reacting to market and other factors, haveposed challenges that may threaten a portion of Florida’s housing supply. But even as Florida grapples with the fallout of legislative changes to its condo law, it offers critical lessons in building a s...

The Florida condo market is recalibrating, as changes to the Condo Act tank the market for 30-plus year old condos, creating uncertainty for the thousands of families who own them. But developers looking to buy them are facing their own uncertainty.

As we approach the end of 2024, several legal and economic developments are coming to a head for condominiums. From a key statutory deadline and long-awaited court rulings to an imploding market for older condominium units, here is what to watch for in the coming months as Florida’s condominiu...