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Governing a Community Association through COVID-19: Common Elements (FL)

The first COVID-19 related Emergency Order from Florida’s Department of Business and Professional Regulation (“DBPR”) was issued on March 16, 2020 (“2020-01”). Now, nine (9) months later and there is another spike of COVID-19 infections across the country. As COVID-19 infections spike, board members of Community Associations across the state may want some guidance on what they can do with their common elements. Community Associations frequently have clubhouses that function as restaurants or bars, fitness centers, business centers, pools and spas, athletic facilities and limited common areas that can be rented out for functions such as weddings or large holiday gatherings.     Read the article……………………………………

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#floridacondotelmortgage #floridacondotelfinancing #floridacondotel

Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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