1 / 10

Condo Associations Explained: Roles and Responsibilities

A condominium association is a governing body responsible for the HOA maintenance, set HOA rules, and manage HOA finances of a condo community. It maintains shared areas in decent shape, charges fees, enforces regulations and rules, and promotes a secure, community lifestyle. Condo associations manage maintenance, budgets, and conflicts as well as subsidize such amenities as pools and gyms. Condo associations have bylaws similar to HOAs but generally oversee multi-unit buildings. Florida statutes (Chapter 720) govern the operation of associations to maintain openness, board elections,

Robert515
Download Presentation

Condo Associations Explained: Roles and Responsibilities

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CONDOMINIUM ASSOCIATION COMPLETE GUIDE Presented by: CONDOMINIUM ASSOCIATES

  2. WHAT IS A CONDOMINIUM ASSOCIATION? A condominium association is the governing body of a condo community. It handles management, maintenance, and community engagement, helping create a safe, organized, and socially connected environment for all residents.

  3. KEY ROLES OF A CONDO ASSOCIATION Enforcing Rules And Regulations Property Maintenance Finance Management

  4. FINANCE MANAGEMENT Oversees the upkeep of common areas like hallways, elevators, and landscaping to ensure a safe and pleasant living environment.

  5. PROPERTY MAINTAINANCE Collects monthly dues, creates budgets, and builds reserve funds to support ongoing operations and future repairs.

  6. ENFORCING RULES & REGULATIONS Enforces community standards, resolves resident disputes, and maintains order to promote peaceful living.

  7. LEGAL FRAMEWORK IN FLORIDA In Florida, condo associations operate under specific legal guidelines, requiring bylaws, elected boards, and transparency. These laws grant the power to collect fees, enforce rules, and maintain shared property.

  8. COMMON ISSUES & EXPENSES Condo associations face common challenges like repair disputes and amenity conflicts. They cover regular expenses like maintenance, utilities, and insurance, and may charge special assessments for unexpected costs.

  9. BENEFITS VS. CHALLENGES Living in a condo association offers perks like shared amenities and less personal upkeep, but may involve challenges such as rising fees or governance concerns. Overall, associations play a vital role in community well-being.

  10. CONTACT US FOR MORE INFORMATION 570 Carillon Pkwy #210 St. Petersburg, FL 33716 727.573.9300 CONDOMINIUMASSOCIATES.COM

More Related