MRTA notice of preservation

I have a question about this since our board will be having its first meeting of the year in a couple weeks and we are required by statute FS 720.303(2)(e) to consider whether a notice of preservation needs to be filed. I am unclear about what the effect of filing such a notice would be. Some possibilities that occur to me include:
a. The covenants are preserved for an extra 30 yrs beyond the current deadline for temination. E.G., if they will terminate in 2047 they get another 30 yrs and will terminate in 2077 unless a new notice of preservation is filed sometime between 2047 and 2077.
b. The covenants are preserved for a period of 30 yrs from the date of filing the notice of preservation.That would mean that if the notice is filed this year, another notice would need to be filed by 2050. This would make it advantageous to wait till the last minute to file.
c. The covenants are preserved forever, making it necessary to only file this notice once.
d. something else

Does anyone know?

Shoot - cant edit.

IMO, it is NOT advantageous to wait.

OK, the additional info is instructive.

If revived in 2017, I would consider 2042 a good point to begin the process to preserve.

I’ll bet FS will change by then to eliminate most of the damage caused by MRTA.

Hope so ... the effect of MRTA on some communities has been devastating.

I would think that this would be on all members.

I expect with the amount of press that the issue received when MRTA started, everyone was aware.
An aware member should have asked.

Thanks for the information. It was really helpful.

It is neither true, nor is there any shoe involved.

The lives of tens of thousands of people were financially affected, many in a major way, by a accidental and unintentional connection to a Florida law never intended to affect HOAs ... and, you think it’s something they deserved?

Really?

MRTA had zip connection to HOAs ... someone saw an angle to break their HOA and used it to do so.

You’re on the wrong side this time, Geno.

It was not meant for HOAs because the MRTA statute is from 1963 and laws regarding HOAs didn't come until a decade later. MRTA, aka FS 712, was designed to extinguish old stale covenants on property dating back to the time of the Spanish. It's like the ultimate statute of limitations.

The correct question is were the HOA statutes in their various forms and incarnations enacted with MRTA in mind. The legislature could have carved out a MRTA exception for HOAs from the very start. They chose not to.

They birthed the HOA statutes knowing full well that MRTA would work to extinguish HOA covenants after 30 years unless those covenants were preserved before the clock ran out. FS 712.05 provides a way to do that. Absent that preservation, deed restrictions will usually expire. For HOAs whose covenants expire due to MRTA, I would only say, "You could have stopped this. There was a way spelled out in the MRTA statute. Ignorance of the law is no excuse."

It's easier to blame the law than it is to accept responsibility for ignorance and nonfeasance.

Sure ... all the oldsters and other volunteers could have simply read all the info on the internet ...

Geno - you are way off base on this.

John - to your question. The Board can preserve.