Community Association Reserve Funding: Pooled Method vs. Component Method
Reserve funding for certain common element items is required for community associations under Florida law. Specifically, condominium associations must fund reserves for roof replacement, building painting, pavement resurfacing and any other item that has a maintenance expense or replacement cost exceeding $10,000. Fla. Stat. § 718.112(2)(f). For homeowners’ associations, if the developer initially established reserve accounts or the members affirmatively elect to provide for reserves, then the association must fund those reserve items in future budgets. Fla. Stat. § 720.303(6)(b). Read the article…………..
Summer is quickly approaching, which means pool season is just around the corner! If your community is fortunate enough to
Any classification of the condominium begins with the declaration of condominium, which sets forth the boundaries of an individual’s unit.
Nothing remained in the New Jersey townhome after the owner, exasperated and struggling, financially picked up and left. And took