Termination of a condominium in Florida is a complicated transaction with numerous legal issues at play. F.S 718.117 governs terminations of condominiums and allows termination for economic waste or impossibility or optional termination. Termination because of economic waste or impossibility requires the approval of the lesser of the lowest percentage […]
There are countless reasons that your community association may benefit from providing remote access to meetings of its members or that of its board of directors. In fact, the availability of remote access alone tends to lead to, at the very least, a positive feeling of increased transparency among the […]
One of the most significant financial decisions facing Florida community associations is how to account for reserve funds. Should your homeowners, condominium or co-op association maintain separate accounts for each reserve component, or combine them into a single pooled fund? This choice affects not only your accounting practices but also […]
There are countless reasons that your condominium association may benefit from installing security cameras around the condominium. However, your condominium association should always consult its legal counsel before doing so, as security cameras often trigger nuanced issues that risk civil and criminal liabilities that may not be immediately apparent to […]
A reserve study is a financial planning tool used by condominium associations, homeowners’ associations, and cooperatives in Florida to anticipate and prepare for the cost of the repair (deferred maintenance) and replacement (capital expenditure) of the association’s common assets prepared by an expert (typically an engineer, architect, or a certified […]
