Condo questions: What do Florida statutes state about unspent money? (FL)

/ Owner - December 16, 2021

QUESTION: Are there differences between Florida Chapters 720 and 718 law as to what HOAs vs condo associations can do with unspent monies left over from assessments for specified projects? Are they required to return those monies to their owners, can they put it in the general fund, use it on another assessment or some other use?   Read the Q&A………………………………….

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