The Florida Department of Business and Professional Regulation has responded to Florida’s COVID-19 State of Emergency by suspending certain conditions of the emergency powers of Common Interest Realty Associations, including timeshare resorts organized as condominiums or cooperatives.
Under DBPR Emergency Order 2020-04, issued March 27, 2020, a timeshare resort’s board of directors may act to protect the association and owners, guests, and staff according to their best judgment unless the association’s governing documents specifically prohibit such actions.
The order also suspends the deadlines for CIRAs to prepare, submit, or file certain financial reports and statements. The DBPR has not announced new deadlines.
Elsewhere, because the laws governing the operation of timeshare resorts vary from state to state, your resort’s board and its consultants—including attorneys and accountants—should pay specific attention to whatever orders and policies your own state’s officials may have announced.