In Florida, homeowners associations (HOAs) and condominium associations must collect assessments to maintain their properties and provide services. However, not all residents pay on time or in full, creating financial challenges that can impact the entire community....
HOAs, condo associations and other communities have banded together to confront the challenges of COVID-19. At this point, we are approaching a year into COVID-19, which was declared a pandemic by the WHO on March 11th, 2020. We’ve navigated implementing emergency...
HOAs and all community associations are technically legal entities. With all the responsibilities of community associations, there is a great liability as well. Associations and their governing documents must follow federal, state and local laws. Following these laws...
In short, there are two main ways that a community association in Florida can handle bad debt – either a direct write-off of the entire amount of the uncollectible debt or an allowance of bad debt for a portion of the outstanding balance is written off using a...
