Condominium 718.116 amended resolution, Florida Statute
There had been few attempts of the Florida legislation to clarify additional administrative fees.
Upon adoption or written management agreement, the Board has the authority...
Accounting Records:
Another elucidation to the statutes includes accounting records. It’s always been government standards to maintain accounting records for a period of seven years, including most state governments. Also...
Work Contracts and Bids
Before the condominium Florida Statute revisions entered into law, bids and proposals were to be kept for a period of one year. Effective October 1, 2008, now bids and proposals are mandated to be...
Work Contracts and Bids
Before the condominium Florida Statute revisions entered into law, bids and proposals were to be kept for a period of one year. Effective October 1, 2008, now... More »
Accounting Records:
Another elucidation to the statutes includes accounting records. It’s always been government standards to maintain accounting records for a period of seven years,... More »
Fiduciary Duty
718.111 (a) of the Florida Statutes avow that directors, officers and managers automatically have fiduciary duties and responsibilities directly or indirectly owed to... More »
Director Abstaining from Voting:
In an attempt to avoid a conflict of interest, Directors & Officers would vote, “abstain, neither, nor, refrain, desist and even present”. Although... More »
Condominium 718.116 amended resolution, Florida Statute
There had been few attempts of the Florida legislation to clarify additional administrative fees.
Upon adoption or written management... More »