Thread: Condo Laws?
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Charlie[_7_] Charlie[_7_] is offline
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Default Condo Laws?


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m...
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.


I'm in Florida too and have often thought that an IQ test might be
appropriate.

Charlie