January 29, 2014
In This Issue
Have license, will manage
CAMments: Thank-you
THE LAW SPOT...Section 720.3033
ASK FRED...Allocating maintenance fees
ASK FRED, TOO...When are minutes official?
CAMployment! - NEW LISTINGS!
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Have license, will manage

A refresher in CAM license law

  

 

  

Community Association Managers are involved in activities that include  controlling or disbursing association funds;  determining how or when to prepare budgets or other financial documents for an association; determining how or when to provide notice of meetings or to conduct association meetings; maintaining and/or having authorization to spend association petty cash;  coordinating maintenance for the residential development; and performing other day-to-day services involved with the operation of a community association.

 

A community association license is required when... 
 
Click to read the whole article.
CAMments: ... and thank you from the GSI Team!
 
We love to hear comments from our community association managers!
 

 

"We have successfully found an assistant manager for community management professionals!  Thank you for running the ad.  Take care, N.  Baldwin, , CMCA�, AMS�"
 

Good News! You may now find copies of our newsletters on Fred's CAM Blog "Ask Fred"....

 

HERE! 
gavel
The Law Spot

 More on section 720.3033

Directors' conflict of interest

 

 

The new section 720.3033 to the Florida Statutes that was added in 2013 has been discussed at length regarding the requirement of directors to certify in writing to the secretary of the association that he or she has read the association's declaration of covenants, articles of incorporation, bylaws, and current written rules and policies; that he or she will work to uphold such documents and policies to the best of his or her ability; and that he or she will faithfully discharge his or her fiduciary responsibility to the association's members.

 

Under the new section 720.3033(2)(a) directors are required ...
 
Click to read the entire article and statute.  

Allocating maintenance fees is a key concern to both Community Association Managers and unit owners.  

  

Freds Newsletter picture
Ask Fred
Question:

What is the Statute which states the way maintenance fees  allocated (percentage or square footage) cannot be changed.  In other words,  if the Board wanted to change from fees being equal for all unit types to fees allocated based upon square footage, could they?                     - C. Giordano

 

Answer:  If the property is a condominium, the condominium act provides that unless the documents provide otherwise, it would require a higher percent of all the owners and all lien holders to approve a change in how common expenses are allocated among the membership.

 

Section 718.110 states...  

  

Click to read the statutory language.

Community Association Managers are often concerned with the minutes and whether or not they are official records available for inspection prior to being approved.

Freds Newsletter picture
Ask Fred Too
  
Question:
What is the requirement of time limit to post the minutes of Board Meetings?   - M. Tommas
 
Answer:  
The statute does not address the posting of minutes. The Condominium Act only provides that the minutes must be reduced to writing within a reasonable time. In most cases, a reasonable time is considered 30 days. Then the minutes are official records and are available for inspection by any owner even though they have not been approved yet.
   
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