Q: Can you explain how a condominium association’s budget is made and presented? What is the difference between operating expenses and reserves? What are straight-line and pooled methods for reserves? (J.D., via e-mail) A: A condominium budget is a formal, forward-looking financial plan that estimates the association’s revenues and expenditures […]
As electric vehicles (“EV”) become increasingly common, condominium associations throughout Florida face new challenges. While state law provides a framework for EV Charging Stations on condominium property, several important questions remain unanswered—particularly when it comes to responsibilities of the unit owner and associations, and how those duties are shared when […]
Q: I recently bought a condominium unit. While reviewing the documents, I noticed they include a survey and some diagrams, but they did not seem very detailed and were very blurry and hard to read. Are these important? I want to be sure my ownership rights are properly documented. (J.D., […]
For more episodes of Take It To The Board, click here! What if the secret to calmer board meetings, friendlier hallways, and fewer violation letters is simpler than passing another rule or regulation? In this episode of Take It To The Board, host Donna DiMaggio Berger invites nationally recognized etiquette consultant and […]
Increased scrutiny of the structural conditions of buildings in Florida is the new reality for condominium and cooperative associations. This new reality includes both structural reserve obligations and the requirement from many associations to perform milestone inspections. Every condominium and cooperative association in the state of Florida that operates a […]
