Safeguarding Your Reserves Key to the Financial Health of Your Association As Costs Rise, So Do Carrying Charges Monthly Fees for Co-ops & Condos Up All Over the U.S. Co-op & Condo Financing Looking for Loans On The Board Board Operations ...
Safeguarding Your Reserves Key to the Financial Health of Your Association As Costs Rise, So Do Carrying Charges Monthly Fees for Co-ops & Condos Up All Over the U.S. Co-op & Condo Financing Looking for Loans On The Board Board Operations ...
Florida Statutes, also known as the Condominium Act, notes Chelsea Eagle, deputy director of communications for the Florida Department of Business and Professional Regulation (DBPR). Board members, under this provision, are held to account.
The members of a unit owner controlled association may determine, by a majority vote of the total voting interests of the association to provide no reserves or less reserves than required, however, for a budget adopted on or after December 31, 2024 the members of a unit owner controlled assoc...
The board of directors of a condominium or cooperative association must be elected by the process prescribed in Chapter 718 or 719, Florida Statutes, and Rule 61B-23.0021 or 61B-75.005 of the Florida Administrative Code, unless your association has 10 or fewer units and has adopted an alternat...