Non-qualifying condominiums include all of the following:
• Condominium hotels
• Timeshare projects
• Houseboat projects
• Multi-dwelling unit condo projects that permit an owner to hold title to more than one dwelling unit with ownership evidenced by a single deed or mortgage.
• Projects that represent a legal but non-conforming use of land if zoning regulations prohibit rebuilding the improvements to current density in the event of their partial or full destruction.
• Mixed use (condo) projects within excess of 25% commercial space or any commercial use that is not compatible with the overall residential nature of the project (cocktail lounges, nightclub, arcade, or anything that would generate excessive noise or traffic).
• Projects with leased recreational facilities outside the state of Florida.
• High rise buildings containing more than 8 stories if the amount exceeds $1 million.