When to contact a Florida HOA management company?

If your Florida homeowners association or condo association has experienced widespread foreclosure, we encourage you to contact a professional management company for guidance. A new trend in emerging in the HOA community, which involves community associations foreclosing on banks because of delinquent HOA dues.

What to know about a community association manager in Florida?

A responsible Florida Community Association Manager is trained about insurance issues and how they relate to your condominium association or HOA, i.e. sufficient property coverage for replacement, waiver of subrogation from contractors, general liablity issues, etc.

Is there a full service community association management firm?

CPS is a fully bilingual (English and Spanish) full service community association management firm which was established by a team of community association managers, property managers, accountants, office assistants and many more professionals with degrees in finance and economics working together committed to offer an exceptional service.

When do condominium associations need to be incorporated in Florida?

(a) The operation of the condominium shall be by the association, which must be a Florida corporation for profit or a Florida corporation not for profit. However, any association which was in existence on January 1, 1977, need not be incorporated.

Who is responsible for maintenance, repair and replacement in Florida?

Unit owners, board members and association managers are often unsure of which entity is responsible for the maintenance, repair and replacement of certain items when damage occurs. Deciphering Florida law on this issue can be a confusing task as the answer often depends on a multitude of variables.

When to bid out a homeowners association in Florida?

“In Florida, the laws generally require condominium associations to obtain bids if the project will cost more than 5 percent of the annual budget,” says Lisa A. Magill, a shareholder and association attorney at Becker & Poliakoff PA in Fort Lauderdale, Fla. “That threshold is 10 percent for homeowners associations.”