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Florida Condo & HOA Legal Blog News & Updates on Condo & HOA Laws & Legislation in the State of Florida

Tag Archives: homeowners associations

Non-Resident Investors Snap Up Condominium Units

Posted in Reader Q&A

Question: Our condominium association has experienced a rapid increase in the purchase of units by investors. Our board is worried because we will soon reach a state where approximately seventy percent of our units are owned by absentee owners/investors. Does Florida law give the board any leeway in restricting sales to only people who wish… Continue Reading

Should HOAs be required to register with the State of Florida?

Posted in Legislation

If you are following proposed legislation impacting community associations you know that there is significant activity this year.  Below you will find a full and complete explanation of the action taken yesterday in connection with SB 580.    While SB 580 contains many positive and beneficial changes, it isn’t free from all controversy.   Many community leaders object to having to register… Continue Reading

If HOAs Want Condominium-Style Voting Procedures, It Must Be Stated In The Governing Documents

Posted in Operations, Reader Q&A

Question: I recently had the opportunity to review an article you wrote in 2010 regarding the new law that permits homeowners’ associations to elect directors through secret ballots and the “two envelope system” that condominiums use. My question is, if the bylaws are silent on use of the “two envelope/secret ballot” election process, is it… Continue Reading

Non-Profit Directors’ and Officers’ Liability Policies Exclude Compensation for Compensated Directors in Most Cases

Posted in Reader Q&A

Question: I saw your article and blog entitled “Director Compensation Allowed” which ran in The News-Press on September 30, 2012. I am an insurance agent and work with many condominium and homeowners’ associations. While I understand that director compensation may be legal under the appropriate circumstances, it is important to understand that most, if not… Continue Reading

HOAs Must Let the Sun Shine In

Posted in Reader Q&A

Question: The vice president of our board owns a construction company, which contracts with the HOA. Also, our board holds a monthly meeting where homeowners can attend and ask questions. However, after everyone leaves, the board conducts its actual business meeting. Doesn’t this violate the Sunshine Law? How do I file a complaint? W.D. (via… Continue Reading

Asking to be an Additional Insured?

Posted in Construction Issues & Contractual Disputes, Insurance

Board Certified Construction Lawyer Ryan Carpenter points out that “one size does not fit all” when referring to the additional insured requirements in construction contracts. The contractual requirement along does not mean you are covered.  Ask yourself these questions: Do you know the difference between a certificate of coverage and an endorsement? Do you know what language… Continue Reading

FHA Announces New Procedures to Account for Condos & HOAs

Posted in Assessment Collection, Foreclosures, Mortgages

FHA issued a new Mortgagee Letter last week.  It requires foreclosing lenders to recognize and communicate with a community association, especially if the association already liened the property. Condominium and Homeowners’ Association leaders often complain about lack of payment on the part of mortgagees that take title as a result of the foreclosure.  Many of them are not willing to wait… Continue Reading

Who Prepares Your Association’s Tax Return?

Posted in Assessment Collection

A Las Vegas HOA is currently fighting with the IRS over the question of whether $2 million held in the HOA’s savings account is subject to income tax at the rate of 30%. Associations are generally organized as not-for-profit corporations (some older associations are not incorporated) and therefore must file tax returns like other not-for-profit corporations…. Continue Reading

Are You a Prudent Investor?

Posted in Assessment Collection, Fiduciary Duty of Board of Directors

Investing the Association’s Funds?  If so you should be familiar with the Prudent Investor Rule. Does your association have a written policy with regard to investment of association funds? If so, does the board of directors monitor the investment to ensure compliance with the policy, and, is the policy reviewed and updated from time to time?… Continue Reading

Legislative Update: Changes to HB 319 Approved in Committee

Posted in Legislation

CALL recently notified its members of changes to HB 319 which is the community association bill filed by Rep. Moraitis.  The changes were considered and approved by the House Civil Justice Subcommittee on December 7th.  The five (5) amendments: Clarify that condo election procedures do not apply to timeshare condominium associations. Clarify that mortgagees only have to pay 12 months of… Continue Reading