The Latest News on Real Estate, Insurance and Community Law
Year-round Emergency Preparedness for Florida Condo Communities
Here in Florida, when we think of natural disasters, we think of hurricanes, but there are many circumstances in which your condo association needs to be prepared. Making an emergency response plan (ERP) and budging appropriately for it is a best practice all Miami...
How to Amend Your HOA’s Governing Documents in Florida
Making changes to your Florida HOA’s governing documents is a process, and it’s imperative that you abide by all rules and regulations when doing so. Association documents like declarations and bylaws are legal documents. You can’t just change them willy nilly. If the...
Running for Your HOA Board in Florida? Here’s What to Know
Running for your condo or homeowners' association board in Florida is a great way to actively participate in your community's decision-making processes. If you’re ready to make a run for it, here are some things to know to help you prepare a successful campaign and...
Estimating Your Reserves: How Much Does Your HOA Need to Save?
Keeping an emergency fund adequately supplied is a best practice for all homeowners, and the same is true for condo associations. Although an HOA’s reserve funds only go toward the repair and replacement of common elements rather than individual upgrades, their...
What to do if Your Florida HOA Has Surplus Funds in Its Condo Budget
Ending the fiscal year on a high note with surplus funds in your budget can be a positive situation for your Florida condo association. Though it may sound increasingly rare, it does happen, and your board of directors needs to know what to do if such a situation were...
Competitive Bidding Requirements: What to Your HOA Needs to Know When Soliciting Bids from Vendors
Maintaining safe and habitable condominium associations requires ongoing efforts - and money. To comply with legal requirements like the 40-year recertification process, many Florida condo communities will need to solicit competitive bids to complete structural work...
What to Look for When Reviewing HOA Financial Statements
Your condominium association’s annual budget should be highly informed by your HOA’s financial statements. Keeping close watch over the association’s financial health will tell you how well the board of directors is doing in managing the HOA’s income and expenses and...
Best Practices for Conducting Effective HOA Meetings
Most condo association board members meet only 4-5 times per year, and during those sessions, there’s a lot to accomplish! To make the most of everyone’s time and facilitate productive meetings, it’s helpful to follow some best practices. Tips for Leading...
Can Owners Approve or Reject a Condo Association Budget in Florida?
The annual budget for condominium associations and HOAs impacts all unit owners, but do all owners have a say in whether or not the proposed budget gets approved? The answer will depend on your association’s bylaws and governing documents, but for most HOAs in...