Can board adopt budget without owners’ approval?

Q: The board of directors in my community is considering adopting a budget for next year that will increase our quarterly dues by more than 18 percent from last year. Someone told me that there is a state law that prohibits the board from doing this without approval from the owners. Is this true?   Read the Q&A……….


Related Articles

Condominium Flood Insurance Obligations Subject To Debate

Question: I live in a 12 unit condominium. Our declaration of condominium provides that the flood insurance “may be purchased

Condo rules will dictate profit division from sale

QUESTION: A family member of mine lives in an eight-unit condominium. A developer has offered to buy the building, and

Miami-Dade-backed condo law reforms advance in Legislature (FL)

A plan from Miami-Dade lawmakers to penalize fraud and abuse in condominium associations earned unanimous initial approval in House and