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“Pandemic Has Changed How Boards Do Business” – News-Press

07.27.2020

Q: Our condominium association board held online/telephone monthly meetings during the pandemic enabling owners to listen and ask questions. Normally, our board holds meetings where owners may attend in person. When the Florida Governor implemented Phase 2, the board went back to in person attendance meetings with social distancing. Is […]

Continuing Small Business Recovery and Paycheck Protection Program Act

07.27.2020

The Continuing Small Business Recovery and Paycheck Protection Program Act would provide additional assistance to the hardest-hit small businesses that are struggling to recover from the impacts of the COVID-19 pandemic.  The bill has four main components: 7(a) Loans to Recovery Sector Businesses: Authorizes $100 billion in long-term, low-cost loans […]

Does My Association Include Fully Funded Reserves in Its Proposed Budget?

07.23.2020

With the budget season approaching, many condominium associations may wonder how to prepare a budget when it’s anticipated that members will vote to waive or partially fund reserves. The board must create a proposed annual budget that includes estimated revenues and expenses. In addition to annual operating expenses, Section 718.112(2)(f)(2)a, […]

Be Wary of MRTA

07.23.2020

A little-known law, which can present big problems for planned residential and commercial subdivisions, has undergone a number of recent changes intended to make it more manageable and less impactful on the associations which oversee or manage planned residential and commercial subdivisions.