Q: Our current documents say that proxy votes are allowed in an election, yet during our recent elections, residents were told that proxies were not allowed. My question is whether this was legal? (K.T., via e-mail) A: It depends. Section 718.112(2)(b)2 of the Florida Condominium Act provides that proxies may […]
Timesavers Proxies and Limited Proxies In condominiums and cooperatives, general proxies are used for establishment of a quorum and limited proxies are used to vote on a particular matter – amendments, waive reserves or financial reporting requirements, etc. In homeowner associations proxies may also be used for elections. Proxies and […]
Q: The board of directors of my condominium association has stated they are considering major restoration projects soon and have stated that they are considering a loan from a bank to fund part the projects. While nothing has been decided, the board has mentioned that considering a loan to pay […]
The institution of marriage has been around long before the Internal Revenue Code (the “IRC”) was legislated into existence. In fact, the state and local tax (“SALT”) deduction was first enacted by President Abraham Lincoln and the Republican Congress during the Civil War as a temporary federal income tax to […]
Q: What exactly is a CAM? I hear this term used at some of our board meetings. (K.R., via e-mail) A: The term “CAM” is an acronym often used when referring to a “community association manager.” A CAM is a person licensed by the Florida Department of Business & Professional […]
