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Category: FCAP Managers Report

“Distinguishing Between Statutory and Non-statutory Reserves under the Florida Homeowners’ Association Act” – FCAP Managers Report

10.05.2020
Karyan San Martano

Considering the fiduciary responsibilities officers and directors have to the homeowners’ association’s members, it is important to understand not only the importance of including reserve accounts in an association’s budget, but also to understand when reserve funding is mandatory under the Florida Homeowners’ Association Act. Unlike condominium associations, maintaining fully […]

Areas of Focus: Condo, Co-Op & HOA, Florida Community Association

“What to Do When a Vendor Damages Association Property,” FCAP Managers Report

08.26.2020

Service providers often cause property damage in community associations. Imagine a furniture delivery driver in a rush to make his next appointment, clipping your community’s security gate and taking a portion of it down the road, or a garbage truck leaking hydraulic fluid on your community roadways, leaving permanent stains. […]

Areas of Focus: Condo, Co-Op & HOA, Florida Community Association

“Sit Back and Enjoy the Ride” – FCAP Managers Report

08.03.2020

“Sit Back and Enjoy the Ride: Practical Considerations for Condominium Boards Regulating Electric Vehicle Charging Stations” On July 10, 2020, Governor Ron DeSantis announced over $8 million of the state’s budget this year will be dedicated to strengthening Florida’s electric vehicle infrastructure. The intent of what Gov. DeSantis described as […]

Areas of Focus: Condo, Co-Op & HOA, Florida Community Association

“Budgets” – FCAP Managers Report

07.01.2020

With budget season approaching, Florida community associations must consider their capital expenditures and long-term maintenance needs. Community associations set aside a portion of their budgets for capital expenses and deferred maintenance, frequently referred to as “reserves.” The reserves are for expenses that do not occur on a regular basis and […]

Areas of Focus: Condo, Co-Op & HOA, Florida Community Association