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“Law Does Not Limit Budget Increases” – News-Press

10.28.2019
Joseph E. Adams

Q: My condominium association is confused as to how the “115% rule” applies to its budget. Is the association prohibited from adopting a budget that exceeds 115% of the preceding year’s budget? (E.O., via e-mail) A: No. Chapter 718 of the Florida Statutes, the Florida Condominium Act, does not limit […]

Areas of Focus: Community Association Litigation & Covenant Enforcement, Condo, Co-Op & HOA