New Condo legislation takes effect. Several major changes of interest. There is a “bulk buyer” provision (dont we wish we had one of those?) allows investors to purchase condo units in bulk without incurring the developers debt or obligations. The hazard insurance provision removes the requirement to provide proof of insurance every year. Associations may deny owners or occupants the use of common areas if the owner is 90 days or more delinquent.

Hey! Doc stamps are now based on the actual price and not the debt.

Home Inspectors must now licensed by the state effective July 1. (But…DPBR says wont enforce it until July 1, 2011 – great!)

Florida realtors . org has lots more info today…goes to the News section. Now …where are those “bulk” buyers!