A new season means a new annual meeting and election. In condominiums and cooperative associations there are two components: the election of directors and the annual meeting. Most think of them as one and the same, but they really are …
Why Can’t We…
Mark D. Friedman
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Unit owners often move from private homes and do not understand that the condominium form of ownership in Florida is somewhat unique. In many instances some individual liberties must be curtailed for the good of the community as a whole. …
Borrowing Money
Mark D. Friedman
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As one of a handful of Becker attorneys who assists condominiums, cooperatives, and homeowners associations in obtaining bank loans on a regular basis, I’ve noted a few mistakes that boards make when deciding to obtain a loan.
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Election Season is Upon Us!
Mark D. Friedman
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For condominiums and cooperatives there are a few statutory election guideposts that start with the numbers 60, 40, 35 and 14*.
Sixty (60) days prior to your annual meeting election the first notice must be sent to all …
Obtaining a Bank Loan; Step-by-Step
Mark D. Friedman
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With COVID-19 stay-at-home executive orders causing issues with employment and payment of assessments in some communities and with hurricane season quickly approaching, many associations may want to have a line of credit in place. This ensures they have the funds …
Estoppel Certificates
Mark D. Friedman
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Some associations are still not complying with the new laws on Estoppel Certificates which is required of condominiums, cooperatives, and homeowners associations. Prior to July 1, 2017, you only had to provide the prospective purchaser with information about the monies …
Legal Tools at Your Disposal to Make Your Responsibilities as a Board Member Easier
Mark D. Friedman
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I often find that there is an over-complication that some people believe goes hand-in-hand with their responsibilities in operating a condominium. Most forget that the statute and administrative code provide boards with some basic tools to assist in day to …
Gambling in Your Community? Penny-ante Games and Bingo
Mark D. Friedman
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So you enjoy a good card game and you like to bet a few coins; that’s legal, right? Well, maybe. These are called penny-ante games, most commonly associated with poker, with pennies generally serving as the highest bid possible during …
Borrowing Money
Mark D. Friedman
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As buildings age, repairs become necessary. For associations that have not funded reserves, money will be in short supply, leaving two possible options depending on what is permitted under your governing documents: special assess and/or borrow money from a bank. …
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