Q: The documents for our condominium state that any changes to the common elements require a vote of the unit owners. However, our board decided to install solar panels on the roof without a membership vote. The board president explained that the Florida law allows the board to install solar panels […]
WHAT HAPPENED: This case arises from a series of disputes concerning the governance, financial management, and compliance with bylaws of the 123-25 East 102nd Street Housing Development Fund Corporation (HDFC). Further, this action concerns the assault and harassment to shareholder-tenants of the HDFC. The plaintiffs, a group of shareholders, allege […]
Q: What advice can you offer to condominium associations on good financial practices and how to make the most of their budgets and reserves? (G.C., via e-mail) A: In my opinion, the most important key to success is a good “team,” which should have members who play particular roles. The […]
Q: Can you explain what “fiduciary duty” means for a condominium board member and managers? (M.S., via e-mail) A: Section 718.111 of the Florida Condominium Act explicitly states that officers and directors of the association have a fiduciary relationship with the unit owners in the condominium. The statute goes on […]
Q: I own a condominium unit in Florida that I rent out. I heard there is a new law about disclosing flood history to my tenants. I personally have not filed any insurance claims regarding this unit, but I am aware that the condominium association filed a claim for flood […]
