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Surfside condo collapse: Panelists discuss ways to make buildings safer

Surfside condo collapse: Panelists discuss ways to make buildings safer
palmbeachpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from palmbeachpost.com Daily Mail and Mail on Sunday newspapers.

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Powerful special interests have shaped Florida's condo law

That statewide conversation propelled him to file legislation creating a five-year structural inspection of condominiums over three stories tall to go hand in hand with a reserve study to determine how much to set aside for repairs and maintenance to avoid extraordinary assessments.
“We added that provision, which required structural inspections of the entire building, the roof, elevators, parking garage, all aspects of the construction of the condominium,” Robaina said in an interview with USA TODAY Network-Florida.
The bill was passed unanimously by both the House and Senate, and was signed into law by then-Gov. Charlie Crist.
Two years later, lawyers and lobbyists for the condominium associations, property managers and developers pushed back. They said the law placed a financial burden on condominium unit owners, especially elderly ones on fixed incomes. ....

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Powerful special interests have shaped Florida's condo law

Powerful special interests have shaped Florida's condo law
nwfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwfdailynews.com Daily Mail and Mail on Sunday newspapers.

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CNN CNN Newsroom Live June 4, 2024 07:49:00

Residents were levied in april of this year, totaling $15 million. my mom was very strong-willed as we talked about, and she would be yelling at the top of her lungs to make sure that anybody that was responsible for this is held accountable. reporter: a spokesperson for the champlain towers south condo association did not provide comment about the budget report. attorney peter sachs specializes in condominium law in florida. buildings need to be maintained on a regular basis. they need to be checked. they need to be fixed. they need to be brought up to standard. and that s best done over the course of time in a planned-out manner with funds on hand. reporter: records show that the association struggled to get loans. it was denied by two lenders. now, they cited that the association was considered high-risk, at least in part because of the low funds in the reserves. they eventually did secure a $12 million loan for repairs, but that didn t come without ....

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CNN CNN Newsroom Live June 4, 2024 06:48:00

Company s report was a wake-up call for the condo board. spurring the assessment residents were levied in april of this year, totaling $15 million. my mom was very strong willed, as we talked about. and she would be yelling at the top of her lungs to make sure that anybody that was responsible for this is held accountable. reporter: a spokesperson for the champlain towers south condo association did not provide comment about the budget report. attorney peter sachs specializes in condominium law in florida. buildings need to be maintained, on a regular basis. they need to be checked. they need to be fixed. they need to be brought up to standard. and that s best done, over the course of time in a planned-out manner with funds on hand. reporter: and records show that the association struggled to get loans. it was denied by two lenders. now, they cited that that the association was considered high risk, at least in part because of the low funds in the ....

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