Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of a special meeting of the board of directors.
Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of a special meeting of the board of directors.
There is no maximum by law. Annual assessments have a 15% cap by law for condominiums (COAs) but not HOAs.
The new legal updates are outlined in Chapter 718 for condominium associations and Chapter 720 for homeowners associations. While both community associations may seem extremely similar, because they govern separate property types, they each require their legislature and governing documents.
Chapter 720 - HOMEOWNERS' ASSOCIATIONS.
Ron DeSantis recently signed into law House Bill 1203 which adopted broad changes for homeowners associations throughout the state. Effective July 1, 2024, House Bill 1203 provides a comprehensive overhaul of many issues affecting HOAs, including director education, records maintenance, meeting requirements and fines.
Chapter 720 of the Florida Statutes governs homeowners' associations (HOAs) in Florida. Unlike condominiums or cooperatives, homeowners' associations typically govern single-family homes in a specific development or community.
SECTION 0705Notice of meeting. (1) A corporation shall notify shareholders of the date, time, and place of each annual and special shareholders' meeting no fewer than 10 or more than 60 days before the meeting date.
Notices of all board meetings must specifically identify agenda items for the meetings and must be posted in a conspicuous place in the community at least 48 hours in advance of a meeting, except in an emergency.
Florida law requires HOAs and condo associations to provide notice of board meetings at least 48 hours in advance, with some meetings requiring 14 days' notice. Notices must include the meeting's date, time, location, and agenda and must be posted in a conspicuous place within the community.
A notice of meeting is a written document that informs company members and shareholders that a meeting will take place. It is an invitation that details the time and place of the scheduled meeting and also informs stakeholders of the topics to be discussed.
Adequate notice of all board meetings, which must specifically identify all agenda items, must be posted conspicuously on the condominium property at least 48 continuous hours before the meeting except in an emergency.