Condo Q&A

Maintenance and replacement yearly costs

Written by CondoAssociation.com | Mon, May 13, 2024 @ 02:30 PM

This question is submitted by Gregory H. out of Florida

 

Under Florida statutes, who can prepare the estimates of the Association's property maintenance and replacement yearly costs that go into the determination of the reserves budget needed to meet the state standards? Can the property manager along with the Board make those decisions without expert's documentation to support those determinations?






 

 

Thoughts?