Q: The board of my association is considering terminating our management company’s contract and managing the association themselves. Is this permissible or is an association required to have a professional manager? (R.B., via e-mail) A: Neither Chapter 718, Florida Statutes (the Florida Condominium Act), nor Chapter 720, Florida Statutes (the […]
Category: Article
Because most association fiscal years and elections coincide with the end of the calendar year, preparations should be underway for a busy fall season. Here are a few tips to ease the process: Make a “to-do” list of needed repairs or maintenance for the upcoming year. Maintain and review up-to-date […]
Areas of Focus:
Condo, Co-Op & HOA
Collection of your community’s assessments is critical to maintaining a steady flow of income to support the association’s maintenance responsibilities and maintain the association’s overall fiscal health. Yet with the more urgent day-to-day demands on property managers and volunteer board members, collections can often be neglected or completely overlooked. On […]
Areas of Focus:
Condo, Co-Op & HOA
Q: My homeowners’ association is preparing to have the members vote on four different amendments to the governing documents. However, the association is proposing putting the four amendments to the owners in one vote, take it or leave it. It was my understanding that the association was required to put […]
It is not uncommon for a business or its executives to be presented with allegations of mismanagement or wrongdoing by a minority shareholder accompanied by requests for company financial records. When such allegations arise, it is important for a business organization to be prepared to efficiently address the allegations while […]
