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Fannie Mae Tightens Lending Standards for Florida – Project Eligibility Review Required

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Fannie Mae recently announced several changes to its standards and reintroduced its Project Eligibility Review Service (PERS). Read PDF. PERS review is required for new and newly converted condominiums in Florida, while optional in projects located elsewhere …

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Attorney-Client Privilege When Board Members Sue the Association

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Protecting the Association’s interests when members of the Board are involved in a suit can get complicated. Creating a committee for the purpose of handling the matter may be the best solution.

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Board Talking About Switching Over to “Pooled” Reserves

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Question: Our board of directors has been talking about switching over to “pooled” reserves. Can you explain what this means?

L.A. (via e-mail) Answer: The concept of funding condominium reserves …

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2009 Annual Community Association Leadership Conference

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Free Educational Forum
The Community Association Law Practice Group of Becker & Poliakoff is pleased to announce that the Firm will be holding its Annual Community Association Leadership Conferences beginning on January 16, 2009. Becker & Poliakoff …

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Management Company / Resident Conflict of Interest?

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Q&A: The owner of the management company is also a resident/property owner in our community. Some of us feel that this creates a conflict of interest. What is your opinion on this?

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In Re: Petition For Arbitration: Cypress Bend IV Condominium Association, Inc., v. Cheryl Pepper and Richard Frisbie, Arbitration Case No. No. 00-0417 (Final Order 6/26/00)

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A. Facts:

In this case, the Cypress Bend IV Condominium Association (“Association”) filed a petition for arbitration against unit owners Cheryl Pepper and Richard Frisbie (“Respondents”). The Association alleged that the Respondents violated Article XIII, Section …

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Elevator Retrofits Required for Safety – Master Elevator Key

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There are various safety retrofits required in the State of Florida, many of them involving elevators and fire safety.  Every building in the State of Florida containing six or more stories is required to retrofit their elevators to allow operation …

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Cleaning Up Property Not As Easy As It Looks

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Our homeowner’s association is considering taking on the task of fixing abandoned properties to preserve property values and to make the community more attractive to potential buyers.

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