Reserve funds have been a hot topic in Florida community association law for quite some time. Investing reserve funds in particular has been a tricky subject for both lawmakers and community associations to address. But now there is a new bill, SB 1490 on the table...
We’re now over a year into the pandemic and the terms “stir crazy,” “cabin fever” and “climbing the walls” have taken on a very special meaning for many of us. Homeowners are anxious to get their amenities and common areas back and association boards are feeling the...
Thinking about buying a condo and living the good life in the sunshine state? Chances are high that you’ll be joining a condo association. Florida continues to lead the country in the most HOAs and condo associations in the country. If you’re new to Florida or new to...
For condo associations, reserve funding is required by law. Although there can be some wiggle room and even a potential to hold a majority vote to do away with reserve funds, this is rarely a good decision. Reserve funds are a vital component to a condo association’s...
Your condo association has this stash of money set aside called the reserves. You and many other members think that money should go toward a new paint color in the fitness center. That old pea green just isn’t doing it for you. You should be able to use those reserve...
