Subscribe to Email Updates

Submit Your Condo or HOA question

Condo Association Reserve Funds: Use and Regulations

CondoAssociation.com on Sun, Mar 7, 2010 @ 08:30 AM

41 comments

Regarding Reserve Funds: Can the Condo Association Boardreserve funds utilize reserve funds to make needed improvements? Can one reserve fund by reallocated to another to accomplish the improvement? Does the majority of the condo association need to vote to re-allocate funds or can the Board re-allocate the funds as needed without a vote if they make the condo association aware at a monthly meeting? I'm a Florida Unit owner and am not fully aware of the FL 718 statutes or the Florida Administrative Codes regarding use of reserve funds

41 comments

Leave a comment

HOA and Condo Association Loans