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

Tag Archives: reserves

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

Q&A: Is Membership in your HOA required by Statute?

Posted in Operations

A blog reader recently posed a question containing the following statement: We are a HOA of 8000 parcels, and we do not have Statutory required membership or developer reserves. Membership (mandatory or voluntary) in an homeowners association (HOA) is not regulated by Statute.  Section 720.301(9), Florida Statutes defines an “homeowners’ association” or “association” subject to the… Continue Reading