Now that Thanksgiving is over, there’s a race to get those Christmas decorations up. It’s no longer too early to start as recently suggested by one HOA. Twinkle the lights, plug-in the blow-ups, put up the signs, sprinkle the lawn with fake snow, place reindeer in the driveway and most of all, get in the…
Month: November 2013
RESERVES: SHOULD WE FUND THEM OR SHOULD WE WAIVE THEM?
It’s the time of year when Boards are concentrating on passing the association’s new budget. In a Florida condominium, the budget must contain fully funded reserve accounts that shall go into effect, unless a majority of a quorum of unit owners vote to waive or reduce the funding of reserves. Reserves must be kept for…
A TALE OF TWO ELECTIONS-PART 2
This is a story about John and Jane. John lives in a condominium in Miami and Jane lines in an H.O.A. in Central Florida. Election season is approaching quickly in both of their communities. While it may seem at first glance that all things are equal…….that is certainly not the case. The election in John’s…
TIME TO PREPARE THE ANNUAL BUDGET
It’s that time of year again — number crunching time. Time to figure out if everyone is going to be paying a little more next year in their monthly or quarterly assessments. Here are some things to keep in mind: In a condo — when the budget is mailed to the owners, the budget must…