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"Condominium Warranties Do Not Apply to some Florida Projects Built for Rental Housing"

2/26/2014

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"Condominium Warranties Do Not Apply to some Florida Projects Built for Rental Housing," published on Martindale.com, author: Adams and Reese attorney Jim Dickson, February 26, 2014.

Florida’s Condominium Statutes provide unit owners with express statutory warranties from a Project Developer and Contractors that perform construction services. See F.S. 713.203. Such warranties have been the source of much litigation in Florida over construction defects. Many Developers have begun develop multifamily projects as rental properties with the intent to convert into condominiums. This process can eliminate the statutory warranties and facilitate initial construction financing.