Sandi are CFW different because they are in the trust or because the structure integrity doesn’t have to be checked? Or both?
Just adding since one could get the impression that CFW is being purposefully deprived of the change. CFW is not a condominium resort like all the other
DVC resorts. It is not subject to any of the provisions/rules that are in the Florida condominium statute, §718. It follows only the timeshare statute, §721. It has just annual meetings, and thus the other resorts have now simply returned to doing the same after a rather brief period being required to have quarterly meetings. Under §721.05(34), a Timeshare Estate (one that can have deeds showing an ownership interest), can be set up in various ways such as via the condominium statute, §718, the cooperative statute, §719, and the trust system used for CFW, where the property is owned in a trust and the members are beneficiaries of the trust.
Though §721, the timeshare statute, is also applicable to the condo resorts, the general rule is that §718 controls any condo resorts, so that if anything in §721 conflicts with anything in §718, §718 must be followed and not §721 That structural integrity act that, when passed, began the requirement for quarterly meetings which has now been changed back to annual meetings, applies to condo and coop resort buildings that are three or more stories high, and does not apply to CFW, both because it is not a condo or coop and because currently CFW has no residential buildings that are three or more stories high.