A special assessment is an additional charge assessed by a Homeowners Association (HOA) to cover the cost of repairs or improvements to the common areas of the community. Special assessments are important to HOAs in Florida for a variety of reasons. They: Provide a...
Anytime maintenance is deferred, it improves a Condo Association’s cash flow in the immediate term. There are times when this is extremely valuable and necessary, but it does not eliminate the required maintenance from happening sometime in the near future. Often,...
Condo terminations are usually a complicated and stressful situation to navigate. There is a sour taste in many long-term condo owners’ mouths from the termination attempts in the aftermath of the Global Financial Crisis of 2008-9 when vacant condos led some...
Bylaws, covenants, and restrictions are not meant to stay relevant forever – whether it be demand from homeowners, expiration, or societal changes, your board will need to be prepared to change or update its covenants and restrictions at some point. To function well,...
CC&Rs aren’t meant to stay relevant forever – as society evolves, so do HOA laws. If and when your board decides to change or amend an existing bylaw, you will need to ensure it’s done properly and is legally compliant. Because declarations and bylaws are...
Realtors are in the business of relationships. Not only must you maintain strong relationships with your clients, but you must also continually be growing your professional network of partnerships. When your clients come to you, they will have many questions...
