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

Tag Archives: waive

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

Posted in Budgets, Reserves & Financial

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 years? M.K. via… Continue Reading