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Written by Eric M. Glazer · Florida attorney

108 results for “Reserves” Clear search
Featured image for JOIN US ON NOVEMBER 15TH

JOIN US ON NOVEMBER 15TH

As you all know by now, condo and HOA directors must get certified within one year prior to getting elected or appointed to the board or within 90 days of actually getting elected or appointed to the Board. They can do so in one of two ways. The first way is the chicken’s way out and quite frankly is an…

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Featured image for CAMS BE CAREFUL ABOUT THE UNAUTHORIZED PRACTICE OF LAW

CAMS BE CAREFUL ABOUT THE UNAUTHORIZED PRACTICE OF LAW

Last year we blogged about a long awaited decision by The Florida Supreme Court regarding what a licensed community association can do, without being accused of practicing law without a license. It bears repeating. The Florida Bar tried hard to curtail what community association managers can do without a…

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Featured image for WHERE HAVE ALL THE FORECLOSURES GONE?

WHERE HAVE ALL THE FORECLOSURES GONE?

Boy what a difference a few years makes. Remember the days where foreclosures were the talk of the town? Remember when a large percentage of the units or homes in your community were not paying their assessments and the association was struggling to pay its bills? Remember when banks began owning units in…

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Featured image for IT’S BACK TO SCHOOL TIME-PART 2

IT’S BACK TO SCHOOL TIME-PART 2

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. There’s a lot that goes into my…

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Featured image for THE FALLACY OF COMPETITIVE BIDDING

THE FALLACY OF COMPETITIVE BIDDING

Sometimes the exceptions to the rule swallow the rule, rendering the rule virtually meaningless. Mandatory competitive bidding is a fine example. The Florida Condominium Act provides: If a contract for the purchase, lease, or renting of materials or equipment, or for the provision of services, requires…

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Featured image for THE LAWYERS V. THE MANAGERS --- SO WHO WON?

THE LAWYERS V. THE MANAGERS --- SO WHO WON?

The long awaited decision by The Florida Supreme Court is finally in regarding what a licensed community association can do, without being accused of practicing law without a license. The Florida Bar tried hard to curtail what community association managers can do without a license to practice law, while…

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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 BACK TO SCHOOL TIME-PART 1

BACK TO SCHOOL TIME-PART 1

It’s the end of the summer. I watched my kids suck it up this week, pack their school bags and head off to school to return for another year of learning. Millions of kids across our state did the exact same thing. And if they can do it five days a week for the next ten months, each of you can do it for a…

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Featured image for CAN THE BOARD FORCE FULLY FUNDED RESERVES?

CAN THE BOARD FORCE FULLY FUNDED RESERVES?

Ialways 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 amusing anecdotes. However, the funny thing is that it’s normally the part of the…

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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 THE IMPORTANCE OF CONDO AND HOA EDUCATION-PART 2

THE IMPORTANCE OF CONDO AND HOA EDUCATION-PART 2

There’s a lot that goes into my job as an attorney working in condominium and HOA law. Each week, I working on my current cases, keep abreast of the changes in the law, advocate for legislative reform, work on the Condo Craze Radio Show and write a blog each Monday. Without a doubt however, my favorite…

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Featured image for THE MOST CONFUSING CONDOMINIUM OF THEM ALL

THE MOST CONFUSING CONDOMINIUM OF THEM ALL

There are so many ways a developer can build a community: The developer can build separate buildings but record only one declaration of condominium that all units are governed by. In that case, there would be only one condominium and only one condominium association. The developer can build multiple…

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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 TIME TO PREPARE THE ANNUAL BUDGET

TIME TO PREPARE THE ANNUAL BUDGET

It’s that time of year again — number crunching time. Time to figure out if everyone is going to be paying a little more next year in their monthly or quarterly assessments. Here are some things to keep in mind: In a condo — when the budget is mailed to the owners, the budget must show the reserves as…

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Featured image for IT'S BACK TO SCHOOL TIME

IT'S BACK TO SCHOOL TIME

It’s September. Day camp is over for the kids. It’s starting to get dark a little earlier each day and the brutal summer heat is not as bad as it was a few weeks ago. This can only mean one thing……..it’s time to go back to school. I’m not talking about the kids. I’m talking to you Mr. or Mrs. Unit…

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Featured image for IT’S BACK TO SCHOOL TIME

IT’S BACK TO SCHOOL TIME

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. There’s a lot that goes into my…

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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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