Condo Q&A

Does condo association gain voting rights when taking unit deed?

Written by stephen polinsky | Thu, Jan 20, 2011 @ 06:59 PM

We are a Florida condo association.  When the condo association takes deed to a unit, does this allow the board to count this unit when a membership quorum is needed? Does it also give the board the ability to submit a limited proxy towards voting for items related to budget items such as: Rollovers, waiving financial reporting, and fully funding or waiving fully funding reserves?