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....
Condo associations are like mini-governments, and at the helm is the association’s board of directors. The board is responsible for ensuring the well-being of the entire association community, and one of the biggest ways they do that is by overseeing the association’s...
It’s a tale as old as time (at least as long as HOAs have been around): year by year, the dues gradually increase until what you were originally paying has doubled or tripled. Some people are dismayed at this, while others understand it’s just the nature of inflation...
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...
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...
