Q: I am on the board of directors of a condominium association, and one of the units in our association has both unpaid assessments and taxes. We recently received a notice that the county will sell the unit to satisfy the …
Show Me the Money: Investment Strategies with Michael Coady and Kenny Polcari of Slatestone Wealth
Financially strapped community associations are always looking for new revenue sources but is a sound investment strategy a possible path to avoiding large budget increases or special assessments? In this episode, host Donna DiMaggio Berger, …
Comingling of Funds Questioned
Q: Can a condominium association’s operating funds be combined with the reserve money? My association has not moved money into the reserve account and out of the operating account in the last year. The money is there, it is just not …
Saving Lives in Your Community Association: Defibrillators (AEDs), Bleeding Control Kits (BCKs), and CERTs with Dr. Jason Mansour
Does your community association have an Automated External Defibrillator (AED) or a Bleeding Control Kit (BCK) on hand in the worst-case scenario and do you have trained people on hand to use these devices? Do you have a gym, pickleball/tennis courts, …
Use of Assessment Money Regulated by Statute
Q: My condominium association board recently adopted and collected a special assessment to fund a construction project at the building. However, due to a change in circumstances, the board of directors has now decided to not proceed with the project. …
HOA and Condo Proxy Procedures Differ
Q: A question has come up in my homeowners’ association as to whether owners are permitted to vote by proxy at owner meetings. If so, where is this right found? (C.D., via e-mail)
A: Section 720.306(8) of the Florida …
Damage to Units
What if there is a leak in the unit; whose insurance covers the damage?
There are usually three parties to this type of situation: 1) the owner who caused the leak; 2) the other owners damaged by the …
Who May Run for the Board?
Can a non-owner be a Board member in a Condominium?
Every year this question comes up in one form or another. In some cases, it is a spouse who is not on the deed who wants to be …
Fiduciary Relationship and the Business Judgment Rule
Community association officers and directors have a fiduciary relationship to the owners of homes or units in their community. Typically, this relationship is understood as officers and directors having the obligation to act in the best interests of the association …
2022 Hurricane Nicole Permit Extension Opportunity Extended Further
Property owners, developers, construction industry professionals, and other permit- and authorization-holders may have even more opportunities for further extensions due to Hurricane Nicole in 2022.
The following provides an overview of the permit extensions available under law, including what gives rise …