A condominium can offer the perfect balance of comfort and privacy. Condominiums often have units with any number of amenities, which can include tennis courts, pools and access to golf. Those who own a condominium generally do not need to worry about the upkeep of the landscaping or the other amenities noted above.
Although often a great fit, condominium ownership is not for everyone. It is important to have a basic understanding of the laws that can impact condo ownership before purchasing a unit. Three examples include:
- Know the Bureau of Condominiums. This organization was set up to handle problems that can develop within condominiums within the state.
- Arbitration likely. If you have a dispute with the condo association, you will likely need to attempt to resolve the matter through arbitration. Arbitration is a legal process that focuses on negotiating a resolution. Those who go through arbitration can have independent legal counsel to better ensure their legal interests are represented throughout the process.
- Prepare for litigation. In some cases, arbitration is not an option. In these situations, you may need to seek resolution with a traditional lawsuit.
Disputes can arise for many reasons. Common examples include a disagreement over the bill for material alterations within the property (like new roofs) or frustrations over the application of community rules, such as the inability to park vehicles or requirements over aesthetic conformity requirements for the exterior of the units.
It is important to note condo laws are generally state specific. The laws discussed above are specific to Florida state law.