A member or group of members want to disband your COA or HOA because any further continuation of an association may create economic waste and areas of disrepair which threaten the safety and welfare of the public. Unless the members are in a voluntary association, the Governing Documents usually refer to this process as “termination.” Typically, a termination process requires unit owners and other interested stakeholders to agree by way of voting. The best way to understand termination procedures is to see if your Governing Documents refer to a voting process. If an association is terminated, there must some rules of the road to ensure the association is dissolved in an appropriate manner. To that extent, Florida Statute Section 718.117 controls sales of condominiums within the context of voluntary termination of a condominium pursuant to the appropriate majority vote. It requires, “non-bulk owners” to be compensated at least 100% of the fair market value of their units.
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During the consultation hour, we will review key documents, determine your legal rights, and the best way to enforce those rights. Once the consult concludes, you should have clarity on your options as well as a path forward.
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LS Carlson Law is a pioneer in handling HOA disputes. For more than 15 years, we’ve helped homeowners across the country exercise their rights and stand up to negligent or abusive HOAs. With LS Carlson Law, you can count on a customized strategy and aggressive action from our accomplished legal team. Contact us today to let us help you with your HOA dispute.