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We have a 4 unit condo. All unit owners are on the board.
We have a 4 unit condo. All unit owners are on the board. For 5 years we have voted to have partially funded reserves. Now 2 board members want to have fully funded reserves and 2 do not. What is the … read more
Law Educator, Esq.
Law Educator, Esq.
127,806 satisfied customers
We have a condo with 4 units. For 5 years we have voted to
We have a condo with 4 units. For 5 years we have voted to have partially funded reserves. Now 2 unit owners want to have fully funded reserves which will substantially increase our HOA fee. All unit … read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
My condominium's Budget increases make no sense. How should
My condominium's Budget increases make no sense. How should a proper budget be formatted? How does the Board determine increases? How does the association collect monies for unexpected expenses? Thank… read more
JKEsq
JKEsq
Managing Firm Partner
J.D.
1,443 satisfied customers
I live in a condominium in St. Johns County Florid and our
I live in a condominium in St. Johns County Florid and our budget requirements are stated clearly in Florida Statute 718.112. We are a 32 unit - 4 story building with an annual budget of $137.000 and … read more
Ray
Ray
Lawyer
Doctoral Degree
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I live in Delray Beach Florida in a condo association. My
Hi. I live in Delray Beach Florida in a condo association. My question concerns the annual budget. What happens if the board does not get enough votes for a budget? i.e. our association is asking us t… read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
Florida HOA. Would it be fraud or some other illegal or
Florida HOA. Would it be fraud or some other illegal or unethical activity for a board to deliberately adopt an underestimated HOA budget, then raise assessments? Also, FL the way I read FL condo law,… read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
Can a COA member in Washington state assume two positions on
Can a COA member in Washington state assume two positions on the Board of Directors without convening a general meeting of the other members of the Association if they own more than one of the condo u… read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
The condo BOD wants to use Reserve funds non-appropriated
The condo BOD wants to use Reserve funds for a non-appropriated matter. Their interpretation of the rules is that a hand vote of the owners in attendance at a BOD meeting will qualify the vote. 1) Is … read more
J. Warren
J. Warren
Attorney
Doctoral Degree
2,277 satisfied customers
I was recently assigned to a condo association (32 units)
I was recently assigned to a condo association (32 units) and the past Board borrowed from the reserves to pay the insurance premium(s). My questions; 1) Does paying insurance premiums make it legal t… read more
Legalease
Legalease
Attorney At Law
Doctor of Law w/ highest honors
15,719 satisfied customers
ALex, I asked about condo law and an issue where the board offered only one option for fun
ALex, I asked about condo law and an issue where the board offered only one option for funding reserves. If owners would like to call this into question, there is a provision in FL statute 718 to do t… read more
Alex J. Esq.
Alex J. Esq.
Managing Attorney
Doctoral Degree
15,716 satisfied customers
Our FL condo association Board just approved a 33% increase
Our FL condo association Board just approved a 33% increase in monthly assessments citing that they are "fully funding reserves". In the past 40 years, owners have always opted to partially fund reser… read more
Alex J. Esq.
Alex J. Esq.
Managing Attorney
Doctoral Degree
15,716 satisfied customers
I have owned a condo for 25 years and when i bought it, it
I have owned a condo for 25 years and when i bought it, it was explained to me what my monthly assessment paid for, which included the cleaning of the gutters and boiler, trimming of the trees twice a… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
i am the president of a condo board ....in 2006 members of
i am the president of a condo board ....in 2006 members of our association did a reserve study that was approved by our owners part of that study mandated the operations manager be the only one to mai… read more
BartEsq
BartEsq
Attorney
Doctoral Degree
674 satisfied customers
Can the Board of a condominium assocation approve the annual
Can the Board of a condominium assocation approve the annual budget before the annual meeting? I thought homeowners voted on the budget at their annual meeting.… read more
Richard
Richard
Owner
Doctoral Degree
51,314 satisfied customers
I purchased a timeshare in florida. I was told I had to pay
I purchased a timeshare in florida. I was told I had to pay property tax. Now I am being billed for reserve tax. What is reserve tax and is it legal? I was not informed about reserve when I purchased … read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
Question on Florida Condominium statutes: What "Replacement
Question on Florida Condominium statutes: What "Replacement Fund" (reserves) are required? For example, must an association reserve for items (like roofs; like swimming pools; like windows) or can the… read more
Lucy, Esq.
Lucy, Esq.
Juris Doctor
27,410 satisfied customers
Is it permissable to commingle reserve funds, for investment
Is it permissable to commingle reserve funds, for investment purposes only, in a Florida multi condominium association?… read more
PAX Attorney
PAX Attorney
Attorney
Juris Doctor (JD)
956 satisfied customers
The state of Florida requires a Condo Association Board of
The state of Florida requires a Condo Association Board of Directors to recommend fully funded reserves. Is this manditory or can the association over ride this decesion and vote for partial reserves?… read more
socrateaser
socrateaser
35,822 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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