The Property Appraiser units the worth on property based mostly on present market worth, together with buildings and improvements. 718.114 Affiliation powers.—An affiliation may enter into agreements to acquire leaseholds, memberships, and other possessory or use pursuits in lands or amenities resembling country golf equipment, golf programs, marinas, and other leisure facilities, regardless of whether the lands or services are contiguous to the lands of the condominium, if such lands and facilities are intended to provide enjoyment, recreation, or different use or benefit to the unit owners.
Before conveying a unit, a developer shall report and furnish purchaser releases of all liens affecting that unit and its frequent factor curiosity which the purchaser doesn’t expressly comply with take topic to or assume, and the developer shall provide a surety bond or substitute collateral for or insurance towards liens for which a release just isn’t provided.
A unit owner prevailing in an action between the affiliation and the unit proprietor beneath this section, along with recovering his or her cheap attorney’s charges, could recover further quantities as determined by the courtroom to be necessary to reimburse the unit owner for his or her share of assessments levied by the affiliation to fund its expenses of the litigation.
If the condominium devices require approval of any mortgagee or lienholder of document and the mortgagee or lienholder of file receives a request to approve or consent to the amendment to the condominium devices, the mortgagee or lienholder of report is deemed to have approved or consented to the request until the mortgagee or lienholder of record delivers a detrimental response to the requesting social gathering within 60 days after the mailing of the request.
No regulation, ordinance, or regulation shall set up any requirement concerning the use, location, placement, or construction of buildings or different enhancements which are, or could thereafter be, subjected to the condominium form of ownership, unless such requirement shall be equally applicable to all buildings and improvements of the same variety not then, or thereafter to be, subjected to the condominium type of ownership.