Florida recently enacted a Statute that provided owners with the right to challenge a contract entered into by the Board at the next owners meeting. Prior to the Statute the Board entered into a ten year contract which was not beneficial to seasonal residents. Without disclosing it to owners the Board have extended the contract for three years. Questions:- 1) Should a material amendment to the contract be treated in the same way as a new contract? 2) If so, should the owners be able to challenge the amendment at the next owners meeting when they became aware of the amendment? Any thoughts would be appreciated?
