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Q: What advice can you offer to condominium associations on good financial practices and how to make the most of their budgets and reserves? (G.C., via e-mail)
A: In …
Q: Can you explain what “fiduciary duty” means for a condominium board member and managers? (M.S., via e-mail)
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Q: I own a condominium unit in Florida that I rent out. I heard there is a new law about disclosing flood history to my tenants. I personally have not filed any insurance …
Q: Is a motor home/RV considered a “personal vehicle” under the Florida Homeowners’ Association Act? Some motor homes require a commercial driver’s license. (A.K-K, via e-mail)
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Q: Our condominium consists of a number of buildings with two residential floors with covered parking underneath.
It is my understanding that the prior statutes allowed associations to partially fund the …
Q: Can you explain how a condominium association’s budget is made and presented? What is the difference between operating expenses and reserves? What are straight-line and pooled methods for reserves? (J.D., via …
Q: Can you explain how a condominium association’s budget is made and presented? What is the difference between operating expenses and reserves? What are straight-line and pooled methods for reserves? (J.D., via e-mail) …
Q: I recently bought a condominium unit. While reviewing the documents, I noticed they include a survey and some diagrams, but they did not seem very detailed and were very blurry and …
Q: Does the Florida condominium law regulate what has to be in management contracts between the management company and a condominium association? (J.D., via e-mail)
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Q: I own several parcels of unimproved land within a condominium development. Recently, the condominium association sent me a bill for unpaid assessments, saying that these lots are considered “units” and therefore …
