Legal Question in Real Estate Law in Florida
Usage of Property Association owned real estate when acquired through a tax deed
Recently we acquired real estate owned by a property association by winnng bid at a Tax Deed Auction in Florida. The property is part of an medical office center/complex and includes a private road access to the buildings.
What rights do we have to use and control of this common property? Are we obligated to honor the previous owner's commitments (that being the association), or do we have unhindered rights of usage. For example, can we charge a toll for using the roadway or otherwise restrict its usage?
The actual ownership of the buildings would exist with its individual owners but does the acquisition of this common property also obligate us to previous agreements?
Or does the association exist without use of the outlying land that was acquired?
Any information or understanding you can provide would be appreciated.
1 Answer from Attorneys
Re: Usage of Property Association owned real estate when acquired through a tax
i am sure your purchase was subject to the same rules all others have. Check the documents.