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…………

Editor

Recent Posts

Camas homeowners association rule dispute heads to Washington Supreme Court

A neighborly dispute is headed to the Washington Supreme Court after a state appellate court…

6 hours ago

Rule Dev & Enforcement for Associations – Make, Enforce, Define

Over the course of the next few blogs, we will be providing a brief overview…

11 hours ago

Hawai?i Residents Fighting Wildfires Before They Happen

Seven years ago, Erin Peyton made her home on this small island known for its…

12 hours ago

Understanding Home Rentals in HOA Communities: A Homeowner’s Guide

As homeowners choose to rent out their properties within HOA communities, it's essential for homeowners…

12 hours ago

Why Is This Special Assessment Different from All Others and the Need for a Legislative Fix (FL)

Not too long ago a condominium association foreclosed its assessment lien against a deceased unit…

12 hours ago