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
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
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
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
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
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. …