Do The Right Thing How To Avoid Personal Liability As A Condo Association Director

In Florida, the “officers and directors of the association have a fiduciary relationship to the unit owners.” F.S. §718.111(1)(a)  In its most basic form, a fiduciary duty is an obligation to put the interest of someone else above the self-interest of the fiduciary. In the condominium director context, the director is the fiduciary and breaching of the fiduciary duty is one of the few ways in which personal liability can be imposed against a director. Therefore, condominium directors must understand the laws that govern their relationship with the association.    Read the article…………


Tags assigned to this article:
boardcondoduties

Related Articles

Turnover: Transitional Considerations for the HOA

Part one of this blog discussed turnover in its initial stages: the events that trigger turnover and the files and

You vs. the HOA

Typical HOA disputes in the State of Florida fall into two categories: 1) Unpaid assessments, often with a lien and/or

The Importance of Being Treasurer

Taming the annual budget is just the beginning of this crucial job.  To do this job, you don’t need to