Unit Owner Voting Rights

By | Condo Owners, Homeowners | No Comments

Many decisions of a COA or HOA association require a unit owner vote, depending on state statutes and regulations For example, in Florida, unit owner votes are required for the following: Elect directors by ballot Cancel certain contracts Amend the Declarations Adopt a substitute budget Amend the Articles of Incorporation…

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What is a Super Lien?

By | Condo Owners, Homeowners | No Comments

Owners who live in a condominium, single-family house, or townhome that belongs to a common interest community are responsible for paying dues and assessments to a condominium association (COA) or homeowners’ association (HOA). When the homeowner defaults these dues or assessments, the association can foreclose on their condo, townhome, or…

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What is a COA HOA Budget

By | Homeowners | No Comments

How Does The Association Operating Budget Work At a COA (Condo Owners Association)/HOA (Home Owners Association)? What Are Regular Assessments? An Association creates an operating budget that projects the money needed to fund: Operating expenses Reserves for repair and replacement of the common elements the COA/HOA is responsible. Associations are…

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