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 […]
Among the states, Florida has a long and proud history of defending we the people’s right to privacy and the right to exclude others from your property. However, your condominium association should know that Florida law also makes clear that these rights, among others, are subject to competing interests that […]
