Community association board members and CAMs are encouraged to attend this timely & free educational session led by industry experts.
SB 1196 Includes New Remedies for Collecting Money Owed to Associations. Community leaders and managers have complained for years about investor owner delinquencies. Why should the owner continue to collect rent from his or her tenant without paying maintenance fees and/or assessments? Sure, both the Condominium and Homeowners Acts allowed the association to apply to the Court… Continue Reading
The Regular Session ends April 30th. We’ve previously highlighted changes in SB 1196 and HB 561 that would impact Condos & Co-Ops, here is some information for HOA leaders and managers: Records Access: §720.303(5) Owner entitled to presumption that Association willfully denied record access after 10 business days if owner submits request via certified mail, return… Continue Reading
Many readers have posted questions regarding the ability to collect rent from tenants. It is important to remember that in all of the cases reported previously on this blog, the Court only appointed a blanket receiver to collect rent after the Association filed an action to foreclose its Claim of Lien. Thus, the Association must pursue the collection procedures set forth in the… Continue Reading
Subscribers recently posed interesting questions concerning the information in Condo Receivers Help Collect Assessments such as the following: Does the Blank receivership work for HOA’s as well? How would the association/manager/board find out if tenants live in a specific unit and the association docs does not include the screening approval procedure for renters? The Condominium Act specifically… Continue Reading
Court Rules in Favor of Use Blanket Receiver to Collect Rental Income When Investment Owners Fail to Satisfy Financial Obligations to Association. The Miami Herald and Sun-Sentinel both reported that the Third District Court of Appeal denied a challenge to an Order appointing a ‘blanket’ receiver to collect rental income from tenants when the unit’s owner failed… Continue Reading