Community Update – December 2022

Community Update – December 2022

As 2022 comes to an end, we look back at our most popular articles this year. Read on for helpful information on statutory and non-statutory reserves, estoppel fees, and so much more.

We look forward to another productive year together and wish you continued success in 2023!

TOP 5 COMMUNITY UPDATE ARTICLES OF 2022

  1. Given the fiduciary responsibilities of directors and officers to the members of their homeowners’ association, it is important to understand when reserve funding is mandatory under the Florida Homeowners’ Association Act. Karyan San Martano discusses more in, “Statutory and Non-Statutory Reserves in Homeowners’ Associations.”
  2. The new law passed by the Legislature, known as “SB 4-D”, became effective May 26, 2022, and contains various important deadlines for compliance. Rosa de la Camara provides a crib sheet to help Associations in, “Do Not Miss These Deadlines.”
  3. Many condominium and homeowners’ associations’ activities are required to have a certain amount of transparency. Learn more about transparency through statutory provisions in, “Statutory Meeting Requirements,” by Joseph Arena.
  4. Electric vehicles are commonplace in our society and with the price of gas skyrocketing, more people will consider purchasing them. Kevin Edwards breaks down charging stations installation in, “Electric Vehicle Charging Stations on the Common Elements.”
  5. Every five years the Department of Business and Professional Regulation updates the permitted estoppel fees. Learn about these changes in, “Estoppel Fees Have Increased” by Robert Caves.