Did you know that condominiums, timeshares and mobile homes in the state of Florida are regulated by the Division of Florida Condominiums, Timeshares, and Mobile Homes within the Florida Department of Business and Professional Regulation? You can get detailed information or answers to your questions by visiting their web site at: http://www.myfloridalicense.com/dbpr/lsc/statutes.html.
Condominium ownership is desirable in Southwest Florida because of it’s large population of retirees, snow birds, and 2nd home owners. A condo offers a lifestyle free of the responsibility of maintaining the exterior of the property. Condo developments also quite frequently have other amenities such as pool, club house, tennis, and golf. There are many condos available for sale in Southwest Florida in a wide variety of sizes and price ranges. The Florida Condominium Act, Chapter 718, F.S. gives statutory recognition to the condominium form of real property ownership.
Timeshares in Florida are more common in larger cities. Ownership in a timeshare is subdivided into time periods. Typically timeshares are sold to individuals in one week intervals. Two weeks out of the entire year are saved for annual maintenance and refurbishing. The Florida Timeshare Act, Chapter 721, F.S. was enacted in 1981 to regulate the industry and help prevent fraud and deceptive sales practices.
The Florida Mobile Home Act, Chapter 723, F.S. was enacted to protect mobile home owners against owners of mobile home parks and the park’s manager. The Act protects people who own their mobile homes, and live on a rented or leased lot in a mobile park in which 10 or more lots are offered for rent. Southwest Florida has plenty of mobile home parks with properties for sale and rent. Contact a Realtor today.
Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL email@example.com