Florida court dismisses lawsuit Pelican Tenants Association

POSTED: 07/11/11 12:22 PM

St. Maarten – The circuit Court of Broward County in Florida dismissed a lawsuit filed by the Tenants Association of Pelican Resort against Richard Sutton, Richard Corso and Quantum Investment Trust on Thursday because the court considered itself not the appropriate forum to deal with a dispute in St. Maarten.

Earlier this week, the Court in First Instance in St. Maarten ruled that a special general meeting the Pelican resorts successor Simpson Bay Resort had called was valid. Due to a lack of quorum this meeting was rescheduled for this coming Monday.

In a press release issued yesterday the resort encouraged timeshare owners to download proxy from their web site and to submit them prior to the meeting, which starts at 9 a.m. Eastern standard time on Monday.

The resort has opened a toll free number timeshare owners can call for more information (1-800-791-4416); they can also email info@simpsonbayresort.com.

The meeting will be broadcast live on the internet via at www.simpsonbayresort.com.

 

 

�s tm��pt-font-family:”Times New Roman”; color:black’>“We still have a long way to go before we can say we are a genuine and solid association. This project is bigger than any one person or company. To be successful, it needs to take on a life of its own, to make sure it can continue to serve the industry and community long after all of our careers is done,” Island Real Estate Team’s owner Arun Jagtiani said.

 

“Historically I think it’s special for our industry. To the best of my knowledge this is the first time that over a dozen owners of real estate agencies on St. Maarten had a meeting and agreed on almost everything they spoke about. The first step was to agree to forget about all past disputes and move forward so we can work together on ways to improve our industry and ultimately our country,” Jagtiani added.

The association comes after 20 years of significant growth in the real estate market. What began as several agencies is a now sector with between 30 to 50 active real estate agents. Jagtiani believes the fact that an exact figure can’t be named is a clear indication of why uniting the industry is necessary.

“A few things that we can quickly accomplish by coming together include gathering key statistics of what is happening in the market, hold everyone to certain guidelines and principals, help to resolve disputes, and basically help to maintain the overall integrity of the industry, but the most relevant thing that we  can do, at least in my opinion, is have a body of professionals that can offer assistance and advice to government when it comes to any future laws or policies which may have an impact on the real estate market,” Jagtiani said.

He added, “We are not merging companies or anything of that nature, this is a competitive industry and it will remain that way, this being said we all have several common interest and it makes sense to come together and protect them.”

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