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Articles Tagged with ownership transfer approval

Yet another highly questionable decision by a Florida condominium association has made local TV news.

The latest condo dispute to make the local evening news involves a New Smyrna Beach, Fla., owner who was denied the transfer of another unit at the same property from her late husband to her after his passing. According to a report by Channel 9 News (WFTV-ABC), Joan Cotton was denied the transfer of the additional residence that her late husband Jeffrey had owned for more than a decade by the board of directors for the condominium association for the Village of Colony Beach Club.

The community’s governing documents apparently allows for its board to approve or deny the transfer or sale of units in the community for any reason. The Cottons owned two units in the community: a single bedroom residence under her name, and a two-bedroom condo under his name in which they both resided.

She received a notification from the association indicating that the board of directors has voted to deny the transfer, and instead it has entered into an agreement to sell the unit to a third-party buyer for $466,500. wftv2-300x169The letter included a check to her for an initial down payment of $5,000 from the hopeful buyer, but her attorney has vowed to fight the association’s decision and says the closing is never going to happen.

“I started shaking, I started to cry,” Cotton says in the report. “It was horrible. You can’t just steal my condo!”

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