As Florida HOAs age, so does their infrastructure. To that end, HOAs need to have a plan for how they will address both ongoing maintenance needs as well as larger infrastructure improvements. This is not only because budget planning for aging infrastructure is a best...
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...
The condo tragedy in Surfside a few years ago prompted some much-needed reforms to make condo living safer for Florida residents. To that end, Florida Senate Bill 4-D was passed in May 2022, though most provisions will not take effect until the end of 2024. 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...
