This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Condo Rules For Guests In Palm Beach
Category:
State:
Multi-State
County:
Palm Beach
Control #:
US-00452
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
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.
At SCCU, borrowers may qualify for financing up to 97% for primary residences, so only a 3% down payment may be required. We also offer condo mortgage loans on certain vacation and second homes with just 10% down.
The board of administration shall be composed of five members unless the inium has five or fewer units. The board shall consist of not fewer than three members in iniums with five or fewer units that are not-for-profit corporations.
' So, the statute allows persons who are not owners to serve on the board, provided they are eligible to be candidates.
Known as Senate Bill 4-D on building safety, the new laws require: All condos three stories or higher and older than 30 years old must undergo mandatory "milestone inspections" All condos three stories or higher must get "structural integrity reserve study" also known as SIRS.
The state law, passed in 2022, requires associations to have sufficient reserves to cover major repairs.
Under new state regulations, iniums must maintain financial reserves for major repairs and conduct structural inspections for buildings three stories or taller. Gov. Ron DeSantis signed the law in response to the partial collapse of Champlain Towers South, which killed 98 people in Surfside in June 2021.
Does A inium Unit Owner Have The Right To Record A Board Meeting In Florida? Absolutely, you can record either audio or audio and visual, any board meeting, any open board meeting, any members meeting, and any statutory committee meetings, such as for example an architectural review committee meeting.
Under new state regulations, iniums must maintain financial reserves for major repairs and conduct structural inspections for buildings three stories or taller. Gov. Ron DeSantis signed the law in response to the partial collapse of Champlain Towers South, which killed 98 people in Surfside in June 2021.
Any Florida HOA or inium association with 100 or more units must maintain a website or mobile app by January 1, 2025, where homeowners can access essential documents, such as governing rules, meeting minutes, budgets, and insurance policies.