http://www.gulfshoremanagement.com Gulfshore Property Mgmt. Sat, 15 Aug 2009 22:08:20 +0000 http://backend.userland.com/rss092 en 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 only document shelf-life requirement ensued under ... http://www.gulfshoremanagement.com/official-records/ 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 accounting shall be separate for each association. Effective October 1, 2008, the Florida State legislation added into law that ... http://www.gulfshoremanagement.com/florida-legislation-affecting-condominium-association/ 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 ruling signifies fiduciary duties to be the same as any other non-profit corporation. One reason ... http://www.gulfshoremanagement.com/house-bill-995-florida-laws/ 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 as an opposed vote. Likewise, if Directors & Officers vote neither, nor or ... http://www.gulfshoremanagement.com/changes-affecting-condominium-associations/ 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 certificate. This means, if not stated in your community documents, a fee for the preparation ... http://www.gulfshoremanagement.com/affecting-naples-marco-island-condominiums/ 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 been a common practice to ensure adequate coverage. Another new ... http://www.gulfshoremanagement.com/a-few-notable-changes/ 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 in a peaceful manner, residents have an irrevocable right to ... http://www.gulfshoremanagement.com/slapp-suits-are-prohibited-in-hoa%e2%80%99s/ Ok lets get this straight, since Florida is notorious for fouling up presidential elections, and now that Charlie Crist is our elected governor to make a difference (as promised) an attempt was made to go back to a “paper trail” in hopes of verifying true votes, as apposed to electronic, ... http://www.gulfshoremanagement.com/florida-legislation-once-again-costs-florida-homeowners/ Notices of annual meeting are stipulated in the governing documents. The minimum requirement for the second notice is 14 days prior to the meeting. It’s a good idea to start the first notice two months out. In this way, the association would have time to prepare for an annual election ... http://www.gulfshoremanagement.com/homeowners-annual-meeting-part-ii/ There are only two mandatory meetings the associations are required to hold. The annual members meeting and a budget meeting of the board of directors. The Annual is a meeting for the members while the budget meeting is a board meeting intended to validate a fiscal budget. Annual meetings are held for the purpose of any business ... http://www.gulfshoremanagement.com/condominium-cooperative-and-homeowner-annual-meetings-part-i/