A Condominium Association enjoys broad powers based upon Chapter 718, Florida Statutes, otherwise known as “The Florida Condominium Act.” Despite the guidance provided by the statute and case law which interprets it, little has been written to guide Condominium Associations when borrowing funds to finance various projects. Associations often borrow […]
When it is time to paint the Association’s buildings or replace the roof or install a fire alarm system or undertake any other major project in your community, the Board of Directors needs to address much more than getting the best price. If an Association naively assumes that all it […]
Insurance Policies May Provide Condominium Associations with Relief for Balcony Renovations
09.01.1997
The recent decision of the Third District Court of Appeals in Island Breakers a Condominium, Inc. v. Highlands Underwriters Insurance Company, 20 FLW D2702 (December 13, 1995), provides a Condominium Association with recourse against its insurance company arising from inadequate concrete coverage over balcony reinforcing steel. Historically, condominiums located in close […]
The introduction and departure of several hurricanes this year has prompted the public and media to question and criticize the poor quality of residential construction attributed to municipal building departments, developers, contractors, engineers and architects. When Hurricanes Andrew, Erin and Opal caused entire roof systems to fly off buildings because […]
The Florida Business Judgment Rule protects the business decisions of a Condominium Association’s Board of Directors as long as the Board acts in a reasonable manner. This issue often arises when the Board elects to perform remedial repairs to the common elements of a condominium. Frequently, the Association must raise […]
