Reserve funds have been a hot topic in Florida community association law for quite some time. Investing reserve funds in particular has been a tricky subject for both lawmakers and community associations to address. But now there is a new bill, SB 1490 on the table...
We’re now over a year into the pandemic and the terms “stir crazy,” “cabin fever” and “climbing the walls” have taken on a very special meaning for many of us. Homeowners are anxious to get their amenities and common areas back and association boards are feeling the...
Thinking about buying a condo and living the good life in the sunshine state? Chances are high that you’ll be joining a condo association. Florida continues to lead the country in the most HOAs and condo associations in the country. If you’re new to Florida or new to...
For condo associations, reserve funding is required by law. Although there can be some wiggle room and even a potential to hold a majority vote to do away with reserve funds, this is rarely a good decision. Reserve funds are a vital component to a condo association’s...
You just got a notice that renovation is going to begin on the lobby and pool. You don’t remember seeing any notice about that and you definitely don’t remember voting for it. Did you miss something? Or did the Board of Directors (BOD) just decide without owner...
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...
