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 kept for a period of seven years. The... 

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 commonly known, condominium... 

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 its owner/s of shared association. Effective October 1, 2008, a new legislative... 

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 they may have been savvy, the vote used would officially count... 

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 to charge a fee for a... 

Condominium, 2008 Florida Statute: Now it is mandatory to have an insurance appraisal prepared by an independent appraiser at least once every 36 months. The appraisal must be based upon actual replacement costs. This may be a confirmed law, but has always... 

Except for the rare occasions of remodeling or repairs, common areas such as clubhouse, pool and recreational facilities should be made available for owners and their guess. Owners also have a right to peacefully assemble. This means, if arranged for...