Golf Carts and Your Community

Condo owners reviewing insurance coverage options for individual and master policies

Golf Carts, in addition to the obvious use on the golf course, are increasingly being used for short-distance trips in communities as an alternative to the family car, for example, carrying children and pets from home to the club house or recreation center. Golf Carts share an Association’s common element roads with other motor vehicles, […]

Distinguishing between Statutory and Non-Statutory Reserves under the Florida Homeowners’ Association Act

Condo owners reviewing insurance coverage options for individual and master policies

Considering the fiduciary responsibilities officers and directors have to the homeowners’ association’s members, it is important to understand not only the importance of including reserve accounts in an association’s budget, but also to understand when reserve funding is mandatory under the Florida Homeowners’ Association Act. Unlike condominium associations, maintaining fully funded reserve accounts is not […]

Association Loans and Lines of Credit

Condo owners reviewing insurance coverage options for individual and master policies

In this time of growing financial crises, associations are increasingly considering loans/lines of credit in order to have sufficient cashflow in the event of budget shortfalls caused by increasing delinquencies or in order to pay for projects that cannot be funded through the operating budget alone but cannot be postponed. In considering loan/line of credit […]

Defamation Suits When Terminating a Third-Party Vendor

Condo owners reviewing insurance coverage options for individual and master policies

In terminating a third-party vendor, a board of directors must be careful in disseminating information concerning the basis for its decision – especially if the decision was due to poor performance or contractual violations by the vendor. In Florida, a cause of action for defamation can be brought against a corporation, including specifically, a community […]