Are Your Documents About to Expire? Part 1
Many of Florida's Communities were developed in the 1980s or earlier. The declarations for these communities may expire. Under Florida law, the Marketable Record Title Act ('MRTA'), Chapter 712, Florida Statutes, recorded covenants and restrictions expire after thirty (30) years if not properly preserved. Declarations are subject to MRTA. PLEASE NOTE CONDOMINIUM DECLARATIONS ARE NOT SUBJECT TO EXPIRATION.
In order to preserve the Declaration, specific actions must be taken by the Association's Board of Directors.
Please review your Documents and ask the Association's attorney if you have questions regarding the effects of 'MRTA' on your Community's Declaration and Restrictions.
Joseph R. Cianfrone, P.A.
By: Stephan C. Nikoloff, Esq.