The Latest News on Real Estate, Insurance and Community Law
4 Situations You May Need to Consult a Lawyer for Your Condo or HOA Board
Knowing when to call in expert help can make all the difference in the outcome of a situation. When it comes to legal help, it could be the deciding factor in whether you spend extra money and valuable time in court at some point. As a rule, if you think you might...
Running for The Board in Your HOA: What You Need to Know
Congratulations! You’ve decided to run for the board in your association. It’s an important role with important responsibilities! Now what? It can be daunting, but don’t be discouraged. I’ll help you wade through the details. Let’s Get Started The first step...
5 Tips For Planning Next Year’s Condo Association Budget
Budgets for homeowner's associations (HOA) should be updated regularly, typically on an annual basis. A well-planned homeowner's association budget can help you forecast the cost of maintaining common areas of the neighborhood as well as cover expenses...
What Training Do You Need to Be on a Condo Board?
Are you wondering if you’d be a good fit to serve on your condominium board? Condo boards are typically made up of residents from the condo community who volunteer to serve on the board – it’s a job that takes a lot of time and energy, but if this sounds like...
Who Pays Special Assessments at Closing in Florida?
A special assessment is an additional charge assessed by a Homeowners Association (HOA) to cover the cost of repairs or improvements to the common areas of the community. Special assessments are important to HOAs in Florida for a variety of reasons. They: Provide a...
Special Assessment versus Condo Termination – Laying out the options
Most condo owners who live in a condo that requires a special assessment are faced with a dilemma. Should they pay the special assessment for the repairs that are scheduled to be made to the building? Or, should they vote to have the condo terminated, and have their...
What is a Special Assessment in Florida?
A special assessment is a charge imposed by an HOA on its members for a specific purpose, such as capital improvements or repairs and maintenance. Special assessments are typically levied in addition to the regular monthly or annual assessment. Special assessments are...
Major Rehabs and Special Assessments with Your Association
Anytime maintenance is deferred, it improves a Condo Association’s cash flow in the immediate term. There are times when this is extremely valuable and necessary, but it does not eliminate the required maintenance from happening sometime in the near future. Often,...
Condo Associations & Condo Terminations – What You Need to Know
Condo terminations are usually a complicated and stressful situation to navigate. There is a sour taste in many long-term condo owners’ mouths from the termination attempts in the aftermath of the Global Financial Crisis of 2008-9 when vacant condos led some...