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A: Pursuant to Section 718.111(5)(a), Florida Statutes, “The association has the irrevocable right of access to each unit during reasonable hours, when necessary for the maintenance, repair, or ...
Usually, condominium associations are responsible for perimeter drywall, including ceilings, but that’s not 100% universal, and so you have to read the documents to know for sure.
Condo associations must also shore up repair funding reserves. This law was introduced after the Surfside tragedy in 2021, in which 98 lives were lost when a 12-story condo collapsed.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
Strata management, sometimes known as "body corporate management", is a specialist area of property management involving the day-to-day operation and management of a property that is jointly owned and comprises multiple units, common areas and common facilities.
In the case of tenancy, the landlord may be a private individual, a non-profit organization such as a housing association, or a government body, as in public housing. Surveys used in social science research frequently include questions about housing tenure, because it is a useful proxy for income or wealth, and people are less reluctant to give ...
The HOA president is the CEO of the not-for-profit corporation, with all of the general powers and duties normally associated with that role. HOA Q&A: Can an Association president make decisions ...
With the passing of SB 278 in 2010, the state of Utah also requires condominium and community associations to conduct and review reserve studies on a periodic basis. [ 7 ] reserve contributions are often one of an association's largest budget line items (often 15-40% of the total budget), and the reserve fund is typically the association's ...