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Written by Eric M. Glazer · Florida attorney

108 results for “Reserves” Clear search
Featured image for FLORIDA’S NEW CONDO RESERVE and FIRE SAFETY LAWS – PART TWO

FLORIDA’S NEW CONDO RESERVE and FIRE SAFETY LAWS – PART TWO

THE BIG CHANGE: NO LONGER IS THERE THE ABILITY TO WAIVE RESERVES OR USE THEM FOR OTHER PURPOSES Effective December 31, 2024, a unit-owner controlled association may not determine to provide no reserves or reserves less adequate than required by the items listed in the mandatory structural integrity reserve…

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Featured image for THE NEW CONDO RESERVE LAWS – PART ONE - GET READY

THE NEW CONDO RESERVE LAWS – PART ONE - GET READY

Over the last few weeks, I blogged about every condominium in every county now needing a “milestone inspection.” To recap, these “milestone inspections” will start after the 30 year mark and every ten years thereafter (25 years and every 10 years thereafter if your property is within three miles of the…

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Featured image for MANDATORY BUILDING INSPECTIONS – PART TWO

MANDATORY BUILDING INSPECTIONS – PART TWO

So last week we discussed the fact that the change in the law will now require every condominium building in the state that is 3 stories or higher and at least 30 years old (25 years old if within 3 miles of the coast) to undergo a Phase One inspection, every 10 years, by a licensed architect or engineer who…

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Featured image for PROXIES: WHAT ARE THEY AND WHEN CAN WE USE THEM?

PROXIES: WHAT ARE THEY AND WHEN CAN WE USE THEM?

The term “proxy” is often thrown around incorrectly. In simple English, if you can’t make it to a meeting to actually cast your vote or appear in person, you sign a document called a “proxy” which allows someone else to appear on your behalf. They act in your place. The proxy form may give the proxy holder…

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Featured image for THE HOUSING NUMBERS JUST DON’T ADD UP

THE HOUSING NUMBERS JUST DON’T ADD UP

Ireally hate to be a Debbie Downer, but I have never been more afraid of an economic collapse in Florida, especially South Florida, as I do now. I couldn’t care less about the statistics that get reported about whether foreclosures are going up or not. I’m telling you that they are. I know because process…

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Featured image for WERE WE SUCKERED IN BY FALSE ADVERTISING?

WERE WE SUCKERED IN BY FALSE ADVERTISING?

Iremember as a kid growing up in Brooklyn, Red Buttons would do a commercial that aired in New York, promoting Century Village. You were promised beautiful spacious apartments, amazing views, golf courses, endless entertainment and simply the perfect dream place to retire to. So forty years later, we learn…

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Featured image for ANOTHER FIRESTORM IS JUST AROUND THE CORNER

ANOTHER FIRESTORM IS JUST AROUND THE CORNER

As we know, The Florida Legislature is having trouble fixing the problems of allowing condominium buildings to waive reserves, who the reserve studies should be performed by and how often the buildings should require safety certification by local building officials. The issue of course is how hard are we…

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Featured image for THE TAX MAN COMETH TODAY

THE TAX MAN COMETH TODAY

We got three extra days this year to pay up. Three extra days to turn in our income tax forms and pay Uncle Sam. Instead of April 15th being the day, it is April 18th. We see it come out of our paycheck each week, we complain. We fill out the necessary forms during tax season and we hope we don’t receive a…

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Featured image for SO NOW THAT THE LEGISLATURE DID NOTHING WHERE DO WE STAND?

SO NOW THAT THE LEGISLATURE DID NOTHING WHERE DO WE STAND?

Re-Running a Column I wrote years ago, because boards need a refresher on where we are I always thought that the dry part of the Board Certification Course was teaching about budgets and reserves. The material simply doesn’t lend itself to any interesting side stories or provide much room for jokes or even…

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Featured image for MAYBE IT’S TIME TO BRING BACK AND OLD LAW

MAYBE IT’S TIME TO BRING BACK AND OLD LAW

Even after the death of 98 innocent people at The Champlain Towers in Surfside, the fact is…….The Florida Legislature did not pass a single law regarding the need for more building inspections, mandatory funding of reserves, mandatory education for board members or anything whatsoever to prevent another…

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Featured image for MY APOLOGIES TO THE FAMILIES OF THE VICTIMS

MY APOLOGIES TO THE FAMILIES OF THE VICTIMS

Today, I feel sadness for the victims in Surfside and their families. I said a million times on the air and in columns that they did not die in vain. I swore that as a result of their deaths, The Florida Legislature would ensure that at least some forms of reserves would be mandatory, that inspections by…

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Featured image for IT’S GETTING TOUGHER TO COLLECT THOSE UNPAID ASSESSMENTS

IT’S GETTING TOUGHER TO COLLECT THOSE UNPAID ASSESSMENTS

When I started practicing law in 1992, condominiums and HOAs had it a lot easier when it came to collecting their unpaid dues. If someone was thirty days late, you were able to file a lien on their home or unit right away. And if they didn’t pay within thirty days, foreclose on their unit. I don’t remember…

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Featured image for IT MAY BECOME IMPOSSIBLE TO GET A NEW MORTGAGE IN MANY CONDOS

IT MAY BECOME IMPOSSIBLE TO GET A NEW MORTGAGE IN MANY CONDOS

As if condos didn’t have enough problems, Fannie Mae and Freddie Mac have just come out with new guidelines that condos must follow. Fannie Mae and Freddie Mac are government-sponsored agencies that purchase large quantities of home loans to keep money circulating throughout the home mortgage economy. They…

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Featured image for LEGISLATIVE UPDATE

LEGISLATIVE UPDATE

The Florida Legislature is in full swing. Each year lots of bills get filed, but few make it to the finish line and become law. Here’s an update on two bills that are moving towards becoming law: SB 394: This is my mandatory education bill, requiring directors to get certified by attending a course. Senator…

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Featured image for ANOTHER STUNNING GRAND JURY REPORT ABOUT FLORIDA CONDOMINIUMS

ANOTHER STUNNING GRAND JURY REPORT ABOUT FLORIDA CONDOMINIUMS

I’ll tell you something – I give a lot of credit to Kathy Fernandez Rundle, The State Attorney for Miami-Dade County. She actually prosecutes cases of condo fraud, years ago she assembled a grand jury to make recommendations to the state legislature regarding condo crimes, kickbacks, conflicts of interest…

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Featured image for DEVELOPERS ARE ON THE PROWL

DEVELOPERS ARE ON THE PROWL

Igot a call this week from The Sun Sentinel. They asked if I had heard about the prominent developer who approached the owners of the other Champlain Towers buildings that are still standing, offering to buy out all of their units. I had not, but I’m not surprised in the least about it. In fact, it’s…

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Featured image for IT'S NOVEMBER – AND THAT MEANS IT'S BUDGET TIME

IT'S NOVEMBER – AND THAT MEANS IT'S BUDGET TIME

Most community associations have their budget meeting in the month of November for the upcoming year. By doing it in November there is plenty of time to print new coupon books and let the community members know what the new monthly assessments will be for the coming year. In terms of notice, in a…

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Featured image for THANK YOU SENATOR ANNA MARIA RODRIGUEZ!

THANK YOU SENATOR ANNA MARIA RODRIGUEZ!

Afew weeks ago, I wrote a blog called It’s Time To Stop A True Florida Farce. The blog spoke about the fact that members of community association boards of directors can still get certified without taking an educational class. Instead, they can sign a rather silly piece of paper that states they have read…

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