Substantial Compliance with the Distressed Condominium Relief Act

SUBSTANTIAL COMPLIANCE WITH THE DISTRESSED CONDOMINIUM RELIEF ACT

SUBSTANTIAL COMPLIANCE WITH THE DISTRESSED CONDOMINIUM RELIEF ACT: THE NEXT BATTLEGROUND IN THE FEUD BETWEEN CONDOMINIUM BULK PURCHASERS AND ASSOCIATIONS By David B. Haber, Esq. and Jonathan S. Goldstein, Esq. With every year that passes since the “Distressed Condominium Relief Act” (“DCRA”)(§§718.701-708, Florida Statutes, Et. Seq.), Part VII of the Florida Condominium Act, took effect, there is the increased possibility that the novel issues that it raises will become the subject of significant and impactful legal disputes as many associations grapple with the protections and requirements for bulk purchasers of condominium units under the DCRA. The DCRA was a law enacted in 2010 to encourage bulk purchasers of distressed condominium projects, while balancing consumer protections that have long been present in the Florida Condominium Act to protect new condominium unit owners at “Turnover….. (and the rest of the article…)