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Written by Eric M. Glazer · Florida attorney

108 results for “Reserves” Clear search
Featured image for SENATE BILL 1742: WHY MAKE THINGS SO DIFFICULT?

SENATE BILL 1742: WHY MAKE THINGS SO DIFFICULT?

New bills propose big changes to how Florida condos invest reserve funds. Senate Bill 1742 starts simply—keep funds FDIC-insured—but quickly spirals into complex rules, investment committees, and ongoing oversight requirements. For volunteer board members, it could turn a straightforward duty into an…

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Featured image for HOUSE BILL 913 – Part Two

HOUSE BILL 913 – Part Two

Rep. Vicki Lopez files a major condo bill—quarterly board meetings, pooled reserves, and lines of credit up to 35% of future needs.

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Featured image for FORECLOSURES ARE ALREADY RISING

FORECLOSURES ARE ALREADY RISING

Delinquencies are rising before mandatory reserves kick in. Learn the 120-day process associations must follow to collect unpaid assessments

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Featured image for IT’S TIME FOR BANKS OR OUR GREAT STATE TO COME TO THE RESCUE

IT’S TIME FOR BANKS OR OUR GREAT STATE TO COME TO THE RESCUE

Last week I made it clear that Floridians better understand that if they cannot afford the mandatory wave of special assessments that are coming for inspections, repairs and reserves they better put their condo up for sale, and fast, before a foreclosure is ultimately filed against them for failing to pay…

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Featured image for WARNING…IF YOU’RE STILL THINKING THAT IT WON’T HAPPEN……

WARNING…IF YOU’RE STILL THINKING THAT IT WON’T HAPPEN……

We are living in some incredible times right now in the world of condominiums. Many years from now, we will look back at the last few years as the years that changed the Florida condominium law landscape forever. We will always give credit to the unfortunate 98 victims of The Champlain Towers tragedy in…

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Featured image for Sorry condo owners – it is what it is.

Sorry condo owners – it is what it is.

Even the possibility of The Florida Legislature going into Special Session in order to solve this alleged condo crisis is insane. You know why? Because our legislators had the guts to fix it two years ago after 98 innocent victims perished in a condominium building that was in a terribly poor, dangerous…

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Featured image for DOES A DEVELOPER ALWAYS HAVE THE ABILITY TO TERMINATE A CONDO?

DOES A DEVELOPER ALWAYS HAVE THE ABILITY TO TERMINATE A CONDO?

Let me tell you what you should be looking for in your condominium documents after you stop reading this: the provisions in your declaration of condominium allowing termination of the condominium itself. We know that condo assessments have doubled, tripled or even quadrupled in many instances due to…

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Featured image for WAS ALL OF THIS FOR NOTHING?

WAS ALL OF THIS FOR NOTHING?

If there ever was a column that I hated to write, this is it! Last week I spoke about a case I argued before The Florida Supreme Court in 2011 called Cohn v. The Grand Condominium. In that case, the minority commercial unit owners at The Grand Condominium challenged a new Florida statute that took away…

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Featured image for IF YOU DON’T HAVE THE STOMACH

IF YOU DON’T HAVE THE STOMACH

I’m thinking about that condo President, perhaps but not necessarily in a 55 and over community, who has been on the board for over 10 years. He or she has put in countless hours for the community and hasn’t been paid a dime. For the last decade, every day the residents of the community wave and say hello…

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Featured image for SO WHAT CAN WE EXPECT IN 2024?

SO WHAT CAN WE EXPECT IN 2024?

I just finished watching the meeting before The Regulated Industries Committee in The Florida Senate. The topic, Florida condominiums and The DBPR. I must say I found the meeting very interesting. The testimony of the former Florida Condominium Ombudsman, Spencer Henning, was truly compelling. He spoke of…

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Featured image for THE NEW LAWS – A LITTLE BACKGROUND

THE NEW LAWS – A LITTLE BACKGROUND

This blog is going to make a lot of people angry and perhaps a lot of people thinking I did the right thing, but here we go….. The tragic collapse of the Champlain Towers in Surfside, Florida occurred on June 24th, 2021 killing 98 innocent men, women and children. I was there a few days later staring at…

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Featured image for HOW TO COLLECT WHAT’S DUE?

HOW TO COLLECT WHAT’S DUE?

We are already starting to see an uptick in the amount of owners falling behind on paying their assessments to their association. It is wise for an association to know how the collections process works in for the board to put in place a policy that works best for the association. In both condos, Co-ops, and…

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Featured image for HEY HOA OWNERS……DO YOU GUYS FEEL LIKE YOU’RE THE WINNERS?

HEY HOA OWNERS……DO YOU GUYS FEEL LIKE YOU’RE THE WINNERS?

If you live in an HOA and have been a reader of this blog, you know that you have been reading about the devastating times that thousands of condominiums and millions of condominium owners are going through as the state now requires mandatory inspections, mandatory repairs and mandatory reserves in our…

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Featured image for BOARD MEMBERS BETTER BE CAREFUL

BOARD MEMBERS BETTER BE CAREFUL

Board members I’m telling you now……..be careful. I’m seeing it already. Unit owners are starting to freak out over the passage of huge assessments to cover the costs of mandatory inspections, mandatory repairs and massive increases in insurance rates. As we know, we’re not talking about pesky increases to…

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Featured image for MAKE SURE YOUR DOCS DON’T COST YOU MONEY

MAKE SURE YOUR DOCS DON’T COST YOU MONEY

Let’s start with what some of you already know……..foreclosures are on the rise. Incredibly, this is happening before huge special assessments are kicking in for many of you and before mandatory reserves go into effect. If foreclosures are already on the rise, what’s going to happen when special assessments…

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Featured image for SB 154 – PART FOUR – NEW LAWS

SB 154 – PART FOUR – NEW LAWS

CORRECTION: IN A PRIOR BLOG IT WAS NOTED THAT THE FLOOR AND FOUNDATION STILL NEEDS TO BE INCLUDED IN A STRUCTURAL RESERVE STUDY —– THEY DO NOT. SB 154 – is a long bill. Here are the final new laws: 1. The association shall provide for the maintenance, repair, and replacement of the condominium property for…

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Featured image for SB 154 – PART THREE – NEW LAWS

SB 154 – PART THREE – NEW LAWS

Again, in a budget adopted by an association that is required to obtain a structural integrity reserve study, reserves must be maintained for these items: Roof. Structure, includingload-bearing walls and or other primary structural members and primary structural systems as those terms are defined in s.…

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