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In Florida, a material alteration to the common elements of a condominium generally refers to a change that palpably or perceptively varies, modifies, or changes the form, shape, elements, or specifications of a common element from its original design or plan, or existing condition. This definition stems from case law, particularly Sterling Village Condominium, Inc. …

QUESTION: Do the requirements of the Corporate Transparency Act (CTA), including the submission of a Beneficial Ownership Interest Report (BOI Report) to the IRS, apply to Homeowner, Cooperative, and Condominium Associations organized under Chapters 718, 719, 720 and 723, Florida Statutes? ANSWER:  Yes. The CTA mandates the filing of a (BOI Report) with the U.S. Treasury’s Financial Crimes …