First, do not panic. Having a discrepancy between the estimated expenses and the actual expenditures is not an unusual situation for an association board to find itself in. This can be caused by a lack of planning – something to be addressed at the next annual meeting...
Florida statutes do not prevent association boards from taking action without a formal meeting. However, that doesn’t mean your association has the ability to do so under its own bylaws. Why would a board want to act without meeting? Making arrangements for a special...
Knowing when to call in expert help can make all the difference in the outcome of a situation. When it comes to legal help, it could be the deciding factor in whether you spend extra money and valuable time in court at some point. As a rule, if you think you might...
Budgets for homeowner’s associations (HOA) should be updated regularly, typically on an annual basis. A well-planned homeowner’s association budget can help you forecast the cost of maintaining common areas of the neighborhood as well as cover...
Most condo owners who live in a condo that requires a special assessment are faced with a dilemma. Should they pay the special assessment for the repairs that are scheduled to be made to the building? Or, should they vote to have the condo terminated, and have their...
A special assessment is a charge imposed by an HOA on its members for a specific purpose, such as capital improvements or repairs and maintenance. Special assessments are typically levied in addition to the regular monthly or annual assessment. Special assessments are...
