Florida Supreme Court Approves Receiverships for Condo Associations
Nov 5, 2013 - Firm News & Press Releases
On October 31, 2013 the Florida Supreme Court settled the dispute over when a Court can appoint a receiver for a Florida condominium association. One side of the debate argued that the Court’s role and discretion was limited to those instances specified in Florida Statutes, and the other side argued that the Court’s have broad inherent powers to appoint receivers when appropriate to protect persons or property.
In Granada Lakes Villas Condominium Association vs. Metro-Dade Investments the Florida Supreme Court ruled that the equitable powers of courts give judges broad discretion over when to appoint a receiver and that these powers are not limited to specific statutory provisions.
Click HERE for a copy of the case.