The rippling effects of the recent recession has required all boards and
property managers to investigate progressive ways to ensure that their bottom
line is covered. While the latter has always been the inherent goal, the
Birds in flight may be beautiful, but their departure sometimes leaves the nest
unprotected. And when that nest is in a condominium community, property
managers and boards must do their best to compensate.
This region is full …
If you live in a condo or a co-op, you’ve probably noticed that your building has at least one annual unit owner or
shareholder meeting each year.
It’s not random. The annual meeting is actually a Florida state-mandated law tha…
This in an anxious time in which to sit on the board of directors. With defaults
and foreclosures accounting for some 20 percent or more of the units at some
condominiums, frustration among association members is off the charts.
In the first few years of this new century, the view was pretty rosy; it seemed
like property values would do nothing but rise forever. Monthly HOA meetings
actually attracted crowds. HOA boards even had extra money in their budgets.
When a management agent of a condominium receives a complaint from a homeowner
about another homeowner, is management allowed to tell the homeowner the name
of the complaint? Is this ethical and is there a real estate rule about how
Can a condominium owner be elected president if they have a lien on their condo
due to not paying some of their maintenance fees due to the condo?Is this a conflict of interest?
—Concerned Condo Owner
“As a result …