Our Condo Just Turned Over From Developer Control. What’s Next?
The developer has just turned over control of the condominium association to the unit owners. There’s a new board and a long to-do list, among which is the important question: What condition is our building really in? The period immediately following turnover is one of the most critical windows in a
Our Condominium Just Turned Over From Developer Control. What’s Next?
The developer has just turned over control of the condominium association to the unit owners. There’s a new board and a long to-do list, among which is the important question: What condition is our building really in? The period immediately following turnover is one of the most critical windows in a
Important Differences Between Flood and Windstorm Insurance. Is Your Association Adequately Protected When the Next Major Storm Hits?
Boards of Directors of community associations have a fiduciary duty to its members, and one of the Board’s duties is the protection of the association’s physical assets. In Florida, the need for adequate property insurance to protect against hurricanes and severe storms is inescapable. What is often
Can Associations Keep Extra Special Assessment Funds?
Q: Last year my condominium association levied a special assessment to fund a project to remodel the building’s lobby. The project is now complete and there is a significant amount of money left over. So, questions are arising as to how the association should handle the surplus funds. What does the
Walter Patrick
Phone:+1(239) 325-9111