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Written by Eric M. Glazer · Florida attorney

25 results for “Reserve Funds” Clear search
Featured image for SHOULD RESERVES BE MANDATORY?

SHOULD RESERVES BE MANDATORY?

Ihate beating around the bush, so I want to get to the point. A financial crisis is coming and it’s going to be a big one. It’s also going to hit those that can least afford it. It’s going to result in massive amounts of foreclosures. It’s going to result in countless cases of elderly persons being…

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Featured image for HURRICANE HEADACHES

HURRICANE HEADACHES

Well….. after eleven years, our luck ran out. We finally rolled a seven. We had a great run though. Unfortunately, it’s now time to deal with the disaster and clean up the mess. I can tell you one thing for sure and for certain. Those associations that put away money for a rainy day will recover a lot…

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Featured image for DID YOU CORRECTLY WAIVE YOUR RESERVES?

DID YOU CORRECTLY WAIVE YOUR RESERVES?

As the weather begins heating up, our thoughts inevitably turn to the hurricane season that we deal with each and every year. Associations all across the state hope and pray that they’re able to escape the wrath of a storm for another year and that luck remains on their side. They have their fingers…

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Featured image for SUPPOSE YOU TOUCH THE RESERVE FUNDS YOU’RE NOT SUPPOSED TO TOUCH?

SUPPOSE YOU TOUCH THE RESERVE FUNDS YOU’RE NOT SUPPOSED TO TOUCH?

We’re approaching the time of year when Boards are starting to prepare the budget for the following fiscal year. As we all know, in a condominium, the budget must show fully funded reserves, and the owners then have the option of waiving or reducing the funding of reserves. In an HOA, the budget can…

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Featured image for CONDO CRAZE AND HOAS - WEEK 223

CONDO CRAZE AND HOAS - WEEK 223

KAREN: GOOD AFTERNOON, AND WELCOME BACK TO CONDO CRAZE AND HOAS HERE ON 850 WFTL. I’M KAREN CURTIS, AND I’M HERE AGAIN TODAY, AS WE ARE EACH SUNDAY AT NOON, WITH ATTORNEYS ERIC GLAZER AND SCOTT SHAPIRO FROM GLAZER AND ASSOCIATES, P.A. A LAW FIRM PRACTICING COMMUNITY ASSOCIATION LAW THROUGHOUT FLORIDA.…

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Featured image for RESERVES: SHOULD WE FUND THEM OR SHOULD WE WAIVE THEM?

RESERVES: SHOULD WE FUND THEM OR SHOULD WE WAIVE THEM?

It’s the time of year when Boards are concentrating on passing the association’s new budget. In a Florida condominium, the budget must contain fully funded reserve accounts that shall go into effect, unless a majority of a quorum of unit owners vote to waive or reduce the funding of reserves. Reserves must…

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Featured image for IS YOUR BUDGET READY FOR A HURRICANE?

IS YOUR BUDGET READY FOR A HURRICANE?

As our listeners of the Condo Craze and H.O.A.’s radio show know, we’ve been spending some time recently telling them how they can make their property ready for a hurricane, so that if a storm hits, they can weather it. We’ve spoken about preparing your roof, electricity, plumbing, interior furnishings and…

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