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Election Season
Elections are in full swing for condominiums in Florida, this guide was created by the Department of Business and Professional Regulation: Related Images:
Elections are in full swing for condominiums in Florida, this guide was created by the Department of Business and Professional Regulation: Related Images:
TALLAHASSEE — Florida legislators began work on updating the state’s condominium regulations in response to the Champlain Towers South collapse as a Senate committee advanced a bill Tuesday to impose inspection requirements statewide, including stricter standards for buildings near the coastline. The measure, SB 1702, was unanimously approved by the Senate Community Affairs Committee and is expected to serve as the vehicle to attach other condo-related reforms, such as new regulations on disclosure …
The board has secured new hosting services for the association website and it is back online. The new site www.dollybay.com has minimal information and does not provide any resource for association records for owners. You gotta wonder why the board is against providing easy access to association records and information. Related Images:
Dolly Bay condominium Association is currently a defendant in a lawsuit. Count I: Injunctive Relief, Plaintiff’s costs and attorney’s fees Count II: Breach of Governing Documents, $15,694.55 + costs and attorneys’ fees Count III: Negligence, $15,694.55 + costs and attorneys’ fees This lawsuit was filed against the association on December 20, 2019, a summons was served on December 23, 2019 requesting written defenses to complaint be filed with the …
The Community Association Manager is responsible for the management and support of community associations (primarily HOAs & Condo Associations), including, but not limited to: daily operations, regular interaction with and support of Board of Directors members/homeowners/vendors, neighborhood meeting attendance, budget preparation, and overall community business management. A property/community association manager should be assisting your board of directors and association in virtually every aspect of its operation, whether you have an on-site manager, a portfolio manager or a part-time …
Fiduciary Duty: Business Judgment Rule Business Judgment Rule: The legal protection for director’s actions under the corporate structure. Under the business judgment rule, absent evidence of bad faith, fraud, illegality or gross overreaching, courts are not at liberty to interfere with the exercise of business judgment by corporate directors. Purpose: To protect against honest mistakes. The purpose of this rule is to protect directors who have been diligent and careful in performing …
Questions for Board Member Evaluation Performance indicators when evaluation board members and prospective board candidates: Will the Board member: Fulfill his/her fiduciary duties in the best interests of the community? Be a good steward of your maintenance fees? Seek owner input on all important matters and major decisions? Communicate regularly using various methods – newsletters, meetings, website, email, etc? Provide complete transparency regarding the association’s finances? Rigorously …
Your homeowners association has three types of governing documents: Covenants, Conditions & Restrictions (called “CC&Rs”), Rules & Regulations, and Bylaws. Frequently, the function of these documents or the role the property management company plays in implementing them can be confusing. Covenants, Conditions & Restrictions (CC&Rs) This is a legally binding document that is officially recorded and filed with your state. Your CC&Rs cover the rights and obligations of the homeowners …
Serving on the Board of Directors of any corporation can be a great opportunity for both personal and financial growth. As with everything in life, however, in order to receive, one must also give. This article will summarize the responsibilities imposed by the law on directors who serve in the state of Florida. The law to which we will be referring is judicial common law and Florida Statutes. Specifically, …