Condo Laws?
 

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

Condo Laws?
 

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?

What specifically, and what are requirements on the organization of the
association that will trigger what levels/types of reporting definitely
will depend on the state in question. Look on your state's web site for
starters; most have direct links to housing issues...

--

Condo Laws?
 

On Thu, 03 Jun 2010 09:19:01 -0500, 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?

wtf has this to do with home repair?

Do you really care what states outside yours are doing?
Can't you figure out how to start a web browser, go to google,
and come up with some clever search string like "insert your state
condo law financial statement" ?

I found it for my state in under two seconds.

Condo Laws?
 

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...

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.

Condo Laws?
 

wrote in message
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