Fiduciary Duty – Mandatory for Condominium & HOA Board Members

When Florida residential Condominium and HOA Board members are elected or appointed, they automatically and immediately enter into fiduciary relationships with all property owners in the building or community. This means the Association’s Directors and Officers are obligated to put the interests of property owners (Association members) above any personal motivations or views. Words used to describe fiduciary relationships include Trust, Honesty, Loyalty, and Integrity.  Read the article…………………………….

Editor

Recent Posts

Community Interest Legislative Changes 2024 (AZ)

There are several legislative changes from the Arizona Legislature in 2024 that could potentially affect…

14 hours ago

SC Community Association Legislative Update – June 17, 2024

With the second regular session of the 125th South Carolina General Assembly now adjourned, it…

14 hours ago

After a Co-Op Board Settles a Lawsuit, Shareholders Can Ask for More Info (NY)

It's a delicate dance when a co-op shareholder or condo-unit owner requests to see board…

15 hours ago

Behind the Scenes of Your Utah HOA Rule Enforcement & Site Visits

Utah homeowners associations (HOAs) help maintain the peace and beauty of their communities. However, homeowners…

17 hours ago

Understanding the New Law on Hurricane Protections for Homeowners’ Associations (FL)

Specifically, the new law states that all Florida homeowners associations, regardless of when they were…

17 hours ago