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Category: Reserve Accounts

Helping to Alleviate Condominium Unit Owner Reservations About New Statutory Reserve Requirements

Helping to Alleviate Condominium Unit Owner Reservations About New Statutory Reserve Requirements

The unanimous passage of Florida Senate Bill-4D was met with jeers, cheers and fears to some degree by nearly every … more

Posted in Banks and Mortgages, Budgets, Building Maintenance, Condominium Association, Governing Documents, Legislation, Reserve Accounts, Surfise Collapse/Structural Integrity Reserve Study
Florida’s Condominium and Structural Safety Law – 2022 Legislative Update

Florida’s Condominium and Structural Safety Law – 2022 Legislative Update

After failing to pass legislation during the 2022 regular legislative session in response to the Champlain Tower tragedy, … more

Posted in Budgets, Building Maintenance, Condominium Association, Legislation, Reserve Accounts
Significant Changes in Mortgage Underwriting Immediately Impacts Florida Condominiums

Significant Changes in Mortgage Underwriting Immediately Impacts Florida Condominiums

As a result of the Champlain Towers South collapse, Fannie Mae and Freddie Mac have imposed new requirements for mortgages … more

Posted in Banks and Mortgages, Building Maintenance, Condominium Association, Reserve Accounts
HOA Reserves | Statutory v. Non-Statutory

HOA Reserves | Statutory v. Non-Statutory

Like many other organizations, homeowner associations use reserve funds as a way to prepare for future expenses and … more

Posted in Budgets, Homeowners Association, Reserve Accounts
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