[RPPTL LandTen] Nontransient Apartment License for Condos

[Law Offices of Scott A. Frank P.A]

Scratching my head on this one:

 

Client bought app. 100 condos in a 200 unit complex.  Renting them out -
yearly leases.

 

Does the client need the nontransient apartment lease?  My thoughts against
the requirement are as follows:  (i) This is not one property with 100
rental units; it is legally 100 individual properties, each of which is
leased out separately; and (ii) if the DBPR license threshold is that 75% of
the property consists of rentals, then the client actually only rents out
50% of the property.

 

Your thoughts, as well as any statutory or regulatory backing for same, ae
greatly appreciated.

 

Thanks.

 

Scott A. Frank

Attorney at Law

 

LAW OFFICES OF SCOTT A. FRANK, P.A.

5301 N. Federal Highway, Suite 170

Boca Raton, FL 33487

p:  (561) 826-5400

f:  (561) 423-5721 

 <mailto:sfrank at saflaw.com> sfrank at saflaw.com

 

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