The Latest News on Real Estate, Insurance and Community Law
Can Condo Associations Invest Reserve Funds?
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...
Should You Open Common Areas in a HOA or Condo Association Yet?
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...
Enforcing Condo Association Bylaws – What You Need to Know
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...
How Much Cash Reserve Should a Condo Association Have?
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...
What Can Condo Association Reserve Funds Be Used For?
Your condo association has this stash of money set aside called the reserves. You and many other members think that money should go toward a new paint color in the fitness center. That old pea green just isn’t doing it for you. You should be able to use those reserve...
Can a Condo Association Borrow Money Without a Membership Vote?
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...
What Happens When a Covenant Expires?
HOA covenants form the rules and regulations of a community association that must be adhered to by members and the BOD. They are referred to as the community’s Declaration of Covenants, Conditions, & Restrictions, or CC&Rs. When you purchase a home in a...
How Much Should Association Fees Be?
Many people simply want the bottom line when they’re joining an HOA, condo association or other community association. How much will my fees be? We’d love to give you a straightforward answer to this, but (bet you saw this one coming) the answer is that it all...
7 Things to Know about Community Associations in Florida
If you’re moving into a planned development you’ll most likely be required to join the HOA, condo association or community association. The association is all about the community, but it’s managed by an overseeing body called the board of directors (BOD). The BOD...