The Real Deal Miami

Receivers allowed for condos

July 31, 2009 01:04PM

An appellate court will allow receivers to collect rent on delinquent condo associations. The state’s Third District Court approved the use of blanket receivership practices that will allow court-appointed receivers to take rent directly from tenants when the units they are renting are in foreclosure. The practice has been used by 18 condo associations in Miami-Dade and Broward counties.