Annual budget planning is among the board of director’s biggest responsibilities. Poor fiscal management could be devastating for an association. Conversely, healthy planning and making smart budgetary goals are keys to helping your association thrive in good times...
In Florida, condo associations are required by law to carry insurance policies to protect their property, common areas, liability, and more. While associations may choose their own insurance policies, there are certain requirements that must be met in order to abide...
Condo damage can be a sticky situation. With multiple unit owners living in such close proximity, a leak in a unit overhead, for example, can quickly become serious water damage in the unit(s) down below. When something like this happens, naturally everyone is left...
If you’re new to a condo association, it can take some adjusting to understand the differences between owning a single-family home versus a unit in a condominium complex. As a member of a condo association, you’re relinquishing some of the daily responsibilities that...
Effective condo associations are run by a competent and decisive group of unit owners who are elected to seats on the board of directors. Much like a small town, the board of directors has the responsibility of managing the daily operations and upkeep of the condo...
