What to know about special assessments in Florida?

What to know about special assessments in Florida?

Notice of any meeting in which regular or special assessments against unit owners are to be considered for any reason shall specifically state that assessments will be considered and the nature, estimated cost, and description of the purposes for such assessments.

When to post notice of special assessments in Florida?

However, written notice of any meeting at which nonemergency special assessments, or at which amendment to rules regarding unit use, will be considered shall be mailed, delivered, or electronically transmitted to the unit owners and posted conspicuously on the condominium property not less than 14 days prior to the meeting.

What are the bylaws of the state of Florida?

— The bylaws shall provide for the following and, if they do not do so, shall be deemed to include the following: Administration.— 1.

What does Chapter 718.111 Florida statutes mean?

718.111 The association.— (1) CORPORATE ENTITY. — (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.

What are the statutes of the state of Florida?

Section 718.112, Florida Statutes 2001. 718.112 Bylaws.–. (1) GENERALLY.–. (a) The operation of the association shall be governed by the articles of incorporation if the association is incorporated, and the bylaws of the association, which shall be included as exhibits to the recorded declaration.

What are the provisions of s.718.112 ( m )?

Subject to the provisions of s. 718.112 (2) (m), the association, through its board, has the limited power to convey a portion of the common elements to a condemning authority for the purposes of providing utility easements, right-of-way expansion, or other public purposes, whether negotiated or as a result of eminent domain proceedings.

How does Chapter 718 provide for consolidated financial operation?

An association for such condominiums may also provide for consolidated financial operation as described in this section either by amending its declaration pursuant to s. 718.110 (1) (a) or by amending its bylaws and having the amendment approved by not less than two-thirds of the total voting interests.