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…………..


Related Articles

Violence Toward the Board – What Can You Do?

Once again we read about an unhappy owner in his homeowners association acting out his aggression toward the association’s board

Getting high in the Condo? As States Legalize Marijuana, will Home Owner Associations Just Say No?

Marijuana is becoming legal, to various extents, in a lot of places. Some states such as New Jersey and California

Keep the Home Fires Safely Burning in Your Homeowners Association

Do the homes in your homeowners association have fireplaces? One of winter’s great pleasures is relaxing in front of a