Q: I heard there was a new law that punished condominium associations who failed to timely provide a copy of the annual financial report. Is this true? What are the penalties? S.U. via e-mail A: You are referring to a recently revised provision within the Condominium Act which became effective […]
Of course it doesn’t feel like it in Florida but autumn is officially here, which means before you know it breathing outdoors will be possible again. This of course means more and more comfortable time outdoors, more residents back to living in your association and with it all – more […]
The Florida Condominium Act states that an amendment prohibiting unit owners from renting their units or altering the duration of the rental term or specifying or limiting the number of times unit owners are entitled to rent their units during a specified period applies only to unit owners who consent […]
Q: Is the new director term limit law for condominium associations retroactive? M.N. via e-mail A: You are referring to a recent 2018 change to the Condominium Act which further clarified a change that was initially made in 2017. The 2017 change provided for no more than four consecutive two-year […]
Certain contracts entered into by a condominium association require competitive bidding. Section 718.3026(1) of the Florida Condominium Act requires competitive bidding for contracts related to the purchase, lease, or renting of materials or equipment, or for the provision of services, which require payment by the association which (in the aggregate) […]
