Loopholes will still allow rich Floridians to force condo owners to sell at a loss
guest blog by Deborah Goonan
Here is a prime example of why State Legislatures cannot always be trusted to serve the best interests of its constituents when it comes to regulation of common interest communities, including homeowners’ associations and condominiums.Take a look at this excerpt from the attached Tampa Bay Times news article (see link below):
“Rep. Chris Sprowls and Sen. Jack Latvala, both Pinellas County Republicans, have filed identical bills requiring that owners who object to termination be compensated for 110 percent of the purchase price or the fair market value, whichever is greater.