COA and HOA Board Requirements Condominium Owner Associations (COA) and Homeowner Associations (HOA) Board members must either certify that they have read and will uphold the Governing Documents, or complete an approved education course within 90 days of appointment or election to the Board. Florida laws are continually changing, so…
The following is a transcription from the Condo Coaches Radio Show, Episode 2 FEATURED TOPICS: Budgets, Communication, Special Needs, Financial Assessments, Auditing, Planning, Impacting, Special Assessments, Board of Director Volunteers, Qualifications. CONDO HEAD COACH: Dean Akers CONDO COACH: Percy Legendre HOST: Jonny Torres Host: Thanks so much for your interest…
What are “Zombie Properties” and What Can You Do About Them? When property owners receive a foreclosure notice, some pack up and move they because they assume the lender will take over the property. But in some cases, the bank doesn’t finish the process. When the bank doesn’t complete the…
The following is a transcription from the Condo Coaches Radio Show, Episode 1 FEATURED TOPICS: Condo Coaches Mission, The Role of the Board, Board Composition, Board Qualifications, Condo Coaches Assessment, Communication, Transparency, Governing Documents, Budgeting, Reserves, Past Due Association Fees CONDO HEAD COACH: Dean Akers CONDO COACH: Chad Sweeting HOST:…
Does a COA (Condominium Owner Association) or HOA (Home Owner Association) have the right to restrict rental of property? Most communities prefer resident owners over renters. Absentee owners usually don’t care as much about maintenance of their property as do resident owners. When more than 10 percent of residents are…
If you live in condo or townhome community that’s run by a COA (Condominium Owner Association) or HOA (Home Owner Association), it’s likely that ownership of dogs is allowed. But that doesn’t mean that dogs are allowed access to the pool area, much less in the pool itself. There are…
An association can temporarily remove the usage privileges to recreational facilities as punishment or discipline for a violation of the governing documents. An example could be for non-payment of association dues. This is only allowed if the governing documents do not specifically prohibit it, and the board has adopted the…
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…
COAs and HOAs use Reserve studies and Reserve funding planning to anticipate costs for future repairs and replacements. They help ensure the best physical and financial interests of the community and are required by law in many states. Because of hundreds of variables, each association requires different amounts of money…
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…