Rules For Condo Board Members In Miami-Dade
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FAQ
In summary, condo board members in Florida may face personal liability in certain situations, contingent on the nature of the claim, liability source and available insurance coverage or indemnification.
A board member may not serve more than 8 consecutive years unless approved by an affirmative vote of unit owners representing two-thirds of all votes cast in the election or unless there are not enough eligible candidates to fill the vacancies on the board at the time of the vacancy.
Answer: As of 2024, Florida law requires all condos over three stories to conduct mandatory building inspections and a Structural Integrity Reserve Study (SIRS) every 10 years. Additionally, associations can no longer waive or reduce reserve funds, ensuring they are fully funded to cover future repairs.
Board “terms” refer to the designated period of service for members of an organization's board of directors, typically specified in the organization's bylaws. Board member terms usually range from two to six years, with three years being a common average.
Per Fla. Stat. §723.078(i),any board member “may be recalled and removed from office with or without cause by the vote of or agreement in writing by a majority of all members.” Understanding the procedures for removing a board member is imperative for fairness and compliance.
The board is granted all of the corporation's powers and duties and is tasked with making important decisions that will impact the owners and community. Directors must be very familiar with the association's governing documents, hold meetings, prepare budgets, fund reserves, and maintain association property.
(1) Directors must be natural persons who are 18 years of age or older but need not be residents of this state or members of the corporation unless the articles of incorporation or bylaws so require. For a corporation organized ing to the provisions of s.
The Division of Florida iniums, Timeshares and Mobile Homes is charged with providing oversight of the Florida residential communities we regulate through education, complaint resolution, mediation and alternative dispute resolution, and developer disclosure.
