Thread: Condo Laws?
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[email protected][_2_] norminn@earthlink.net[_2_] is offline
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Default Condo Laws?

Robert Neville wrote:
Yadda wrote:

Isn't it a requirement of the Condo Laws in each state that owners must
get regular financial statements for the Condo Association?


Since law varies from state to state, your question can't be answered as stated.

That said, why make a legal project out of it? If you are a member of the
association you are almost certainly entitled to ask for a copy of the
association financials. Ask the association treasurer...


In my state, Florida, the full statute governing condominiums is online.
Condo's in Florida are also corporations, so more statutes. Until
about 10 years ago, I believe, Florida condos and co-operatives came
under the same statutes. I know for fact that Florida requires certain
records to be available and copies provided if requested...if your condo
has a management company, the financials and other records may be
provided by them. Call them, or a member of your condo board.

Florida also has regs for reserve funds, annual budget approval, etc.
In the past couple of years, Fl. condo laws have been tightened up, even
to the extent that board members sign a statement that they have read
the statutes (or bylaws?)...I fully understand the reason for that
particular law.