In August of this year, the Second District Court of Appeals issued a ruling which has potentially big ramifications for HOA/Condo collections. The case was St. Croix Lane Trust v. St. Croix at Pelican Marsh Condominium Association, Inc., 144 So.3d 639 (Fla. 2d DCA 2014), and the ruling addresses...
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Yes, under the new reform bill put into effect on July 1 (HB 7119) all homeowner associations are required to register with the Department of Business and Professional Regulation (DBPR) by November 22, 2013. In addition, there will be a means of updating this information if it changes. The...
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Both the House and the Senate have recently passed Bill 7119 which was signed by the Governor and put into effect on July 1. This “reform bill” will amend and make substantial changes to Chapter 720, the chapter of the Florida Statutes regulating HOA’s. A summary of some of...
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The vast majority of community associations across the state apply late penalties when assessments are not paid on time. Late fees are a valuable tool in encouraging owners to make timely payments and they are commonly used by most associations and property management companies without giving it much thought. Late...
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