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Written by Eric M. Glazer · Florida attorney

108 results for “reserves” Clear search
Featured image for IT’S TIME TO STOP A TRUE FLORID

IT’S TIME TO STOP A TRUE FLORID

Over a decade ago The Florida Legislature thought it was a good idea for members of condo and HOA boards to become “certified.” Sounds like a good idea. The problem is that the legislators allowed for two ways to become certified. One way is by going over to your computer and printing a form that is on…

Read: IT’S TIME TO STOP A TRUE FLORID →
Featured image for IT’S TIME TO PREPARE THE 2021 BUDGET AND IT MUST INCLUDE RESERVES IN YOUR CONDO

IT’S TIME TO PREPARE THE 2021 BUDGET AND IT MUST INCLUDE RESERVES IN YOUR CONDO

As Rafael will tell you later this week, management companies will start working on the 2021 budget for your association when summer comes to an end. Remember, even in condos where reserves are despised, hated, frowned up and scorned, your budget must still include a reserve analysis, like it or not.…

Read: IT’S TIME TO PREPARE THE 2021 BUDGET AND IT MUST INCLUDE RESERVES IN YOUR CONDO →
Featured image for IT’S BACK TO SCHOOL TIME-PART 5

IT’S BACK TO SCHOOL TIME-PART 5

It’s the end of the summer. Millions of kids across our state have to suck it up and return to school. And if the kids have to endure school for the next ten months, all of you can endure a measly three hours. I’m talking of course about Condo and HOA Board Certification and Legal Update Course. There’s a…

Read: IT’S BACK TO SCHOOL TIME-PART 5 →
Featured image for THE OWNERS NEED TO VOTE TO WAIVE RESERVES BEFORE THE BOARD VOTES TO WAIVE RESERVES

THE OWNERS NEED TO VOTE TO WAIVE RESERVES BEFORE THE BOARD VOTES TO WAIVE RESERVES

To keep it simple……in a condominium, when the board sends out its budget, that budget SHALL include reserve accounts for pavement, painting and roofing and anything else expected to cost $10,000.00 to repair or replace. However, the statute says…. This subsection does not apply to an adopted budget in which…

Read: THE OWNERS NEED TO VOTE TO WAIVE RESERVES BEFORE THE BOARD VOTES TO WAIVE RESERVES →
Featured image for DUMBFOUNDING DIFFERENCES

DUMBFOUNDING DIFFERENCES

Before you know it, The Florida Legislature will be in session. In terms of legislation for condominiums and homeowner associations, 2019 was a complete bust. There wasn’t a single change to Florida Statute 718 or 720. For reasons beyond my comprehension, there are differences between these two statutes…

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Featured image for TIME TO MAKE THE BUDGET

TIME TO MAKE THE BUDGET

Fall is the time when Boards and their managers start scrambling to make next year’s budget. Here’s a few tips: Remember that in a condo, the budget must be mailed to the owners 14 days in advance of the budget meeting. In an HOA the association shall provide each member with a copy of the annual budget or…

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Featured image for IT’S BACK TO SCHOOL TIME-PART 4

IT’S BACK TO SCHOOL TIME-PART 4

It’s the end of the summer. Millions of kids across our state have to suck it up and return to school. And if the kids have to endure school for the next ten months, all of you can endure a measly three hours. I’m talking of course about Condo and HOA Board Certification and Legal Update Course. There’s a…

Read: IT’S BACK TO SCHOOL TIME-PART 4 →
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 SPEND NOW OR SPEND LATER

SPEND NOW OR SPEND LATER

But we don’t have money to fix our roof. I can’t believe how expensive it is to replace the landscaping. Why is our deductible so high? After what just happened in that Hollywood Nursing Home, shouldn’t generators be required in 55 and over communities? These are just some of the comments and questions I’ve…

Read: SPEND NOW OR SPEND LATER →
Featured image for COMMUNITY ASSOCIATION ATTORNEYS AND MANAGERS NEED TO WORK TOGETHER

COMMUNITY ASSOCIATION ATTORNEYS AND MANAGERS NEED TO WORK TOGETHER

In June of 2015, The Florida Supreme Court decided what a licensed community association can do, without being accused of practicing law without a license. The truth is…..The Florida Bar tried hard to curtail what community association managers can do without a license to practice law, while the community…

Read: COMMUNITY ASSOCIATION ATTORNEYS AND MANAGERS NEED TO WORK TOGETHER →
Featured image for SO WHERE DO WE GO FROM HERE?

SO WHERE DO WE GO FROM HERE?

No question that the Miami-Dade Grand Jury report slammed the Department of Business and Professional Regulation. Unquestionably, the report made the Department of Business and Professional Regulation look bad. Have an open mind however about the Grand Jury proceedings. It’s easy to indict the DBPR if all…

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Featured image for SOME YEAR-END OBSERVATIONS

SOME YEAR-END OBSERVATIONS

This is a very interesting time of year in the condo and HOA world. Of course everyone’s thoughts turn to the holidays. We start thinking about Christmas, Chanukah, New Years and all of the days off we get to spend with friends and family. The problem is that this is typically the busiest time of year as…

Read: SOME YEAR-END OBSERVATIONS →

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