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Archive for the ‘Condo Reg’s’ Category

For those who currently live in or will move to a condominium (One of the roughly 25,000 units in the tri-county areas), this is for you. The Condominium Act (Chapter 718 F.S.) has been significantly amended for present and future residents. Like just about all written statutes, there are pockets of ambiguity and issues that [...]

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Q:My client recently asked me about the HOA reserve funds for her complex. How much money should it contain. A: Every couple of years, a reserve study should be made to determin the amount needed. For instance-take the total of the repairs or replacements that wood be needed in future years less the amount now [...]

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Proper notification of condo meeting. Here it is-FS 718-112d says that all board meetings must be noticed and open to all board members. There is one exception, and that would be a meeting of the board with the attorney to discuss upcoming court action. The board must place meeting notices in a common location that is [...]

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