A reserve study is a financial planning tool used by condominium associations, homeowners’ associations, and cooperatives in Florida to anticipate and prepare for the cost of the repair (deferred maintenance) and replacement (capital …
Retaking the Right to Enforce: Explaining the Chattel Shipping Process
Generally speaking, an Association may lose its right to enforce its Governing/Condominium Documents if it does so inconsistently, unevenly, or arbitrarily. This is a concept known as “selective enforcement” and is shown when there are instances of similar violations, of …
Competitive Bidding… A Primer for Board Members and Managers
Certain contracts entered into by condominium, cooperative and homeowners’ associations require competitive bidding.
These requirements are found in Section 718.3026 of Florida’s Condominium Act, Section 719.3026 of Florida’s Cooperative Act, and Section 720.3055 of Florida’s Homeowners’ Association Act …
Condominium Officers, Directors and Managers Who Solicit, Offer to Accept, or Accept “Kickbacks” Now Commit a Felony of the Third Degree
Florida lawmakers revised Chapter 718, Florida’s Condominium Act, once again following the 2024 Legislative Session through House Bill 1021, which was signed by Governor DeSantis and became effective July 1, 2024. One of the most surprising revisions to some, was …
If Your Condominium Has 25 or More Units There Is a New Website Requirement
Prior to July 1, 2024, only associations operating condominiums with 150 or more units were required to have a website. However, Florida lawmakers expanded this mandate through House Bill 1021, which was signed by Governor DeSantis and became effective July …