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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal>Scratching my head on this one:<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Client bought app. 100 condos in a 200 unit complex. Renting them out – yearly leases.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>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.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Your thoughts, as well as any statutory or regulatory backing for same, ae greatly appreciated.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Thanks.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Scott A. Frank<o:p></o:p></span></b></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Attorney at Law<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>LAW OFFICES OF SCOTT A. FRANK, P.A.</span></b><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>5301 N. Federal Highway, Suite 170<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Boca Raton, FL 33487<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>p: (561) 826-5400<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>f: (561) 423-5721 <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'><a href="mailto:sfrank@saflaw.com"><span style='color:blue'>sfrank@saflaw.com</span></a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'> <o:p></o:p></span></p><p class=MsoNormal><i><span style='font-size:8.0pt;font-family:"Verdana",sans-serif;color:black'>If you believe that you have received this message in error, please notify the sender by reply transmission and delete the message without copying or disclosing it.<br><br>Pursuant to Internal Revenue Service guidance, be advised that any federal tax advice contained in this written or electronic communication, including any attachments or enclosures, is not intended or written to be used and it cannot be used by any person or entity for the purpose of (i) avoiding any tax penalties that may be imposed by the Internal Revenue Service or any other U.S. Federal taxing authority or agency or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.</span></i><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>