FL H0643

Requires 80 percent approval of total voting interests to terminate a condominium, with rejection by 10 percent or more blocking the plan; subsequent termination attempts prohibited for 18 months after rejection.

Establishes "bulk owner" protections requiring written disclosures of ownership identity, acquisition dates, compensation paid to prior owners, and board member relationships before presenting termination plan to unit owners.

Mandates compensation of at least 100 percent fair market value for non-bulk owner units, with original purchasers from developers receiving minimum original purchase price if rejecting the plan and maintaining current payment status.

Provides unit owners in occupancy before termination the right to lease their former units for 12 months on same terms offered to public, with relocated homestead-exempt owners receiving 1 percent relocation payment.

Permits unit owners or lienors to contest termination plans through mandatory nonbinding arbitration within 90 days of recording, with challenges limited to apportionment fairness, mortgage satisfaction, or vote validity.