The New Condo Laws II

The New Condo Laws

Are you one of the Associations that have no clue of the true financial health of your condominium? Well, now you will know what the true financial picture and health is of your condominium. Associations cannot waive financial reporting requirements for more than three consecutive years.

Have you lost an election by a "ghost vote?" You know the elevator voting of unoccupied units. Now, votes allocated to the units owned by the association may not be cast by proxy, ballot or otherwise for any purpose.

Have you ever received a notice of regular or special assessment and not understood what is it for? The Boards now have to notice the meeting with a clear statement that an assessment will be considered and the nature, estimated costs and description of the purpose of the assessment.

(Information provided by Inger Garcia's column: THE CONDO LAWYER," on the CityNews of South Florida, Page 15, July 2008. www.citynewsfl.com)