| Florida’s condo associations operate under strict legal frameworks. Board members should understand the Florida Condominium Act (Chapter 718, Florida Statutes) to govern fairly and effectively. 1. Florida Condominium Act Overview The law outlines how condos operate, including board duties, financial management, and resident rights. 2. Key Legal Responsibilities - Maintain common elements. - Levy and collect assessments. - Conduct open and transparent meetings. - Manage reserve funds for repairs and replacements. 3. Unit Owner Rights Unit owners have the right to access financial records, attend meetings, and vote on important matters. 4. Penalties for Non-Compliance Boards that fail to comply may face fines, lawsuits, and reputational damage. Conclusion Stay compliant and confident in your leadership role. **Reach out to our condo management team for legal compliance support.** |
