[mc4wp_form id="5389"]

Tag Archives condo

Florida Condo Associations Cannot Waive Year-End Audits for More than Three Consecutive Years

Question: Our annual budget is always over $500,000 and requires a year-end audit unless waived by the owners, which I understand cannot be done more than three consecutive years. Is there a penalty and what could happen if the association obtains owner approval to waive the audit for more than three consecutive …

Share this article

Are Social Event Expenses a Proper Expense for Florida Condominium Associations?

Question: My condominium association holds an annual holiday party at a nearby restaurant. The association pays for everything, including the banquet hall, food and refreshments, by using common funds. Is this a proper common expense? J.A.

Answer: Maybe. Your condominium association’s governing documents likely include a definition of …

Share this article