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The Condominium Act requires all condo associations to maintain and repair structural, mechanical, plumbing and electrical elements shared between multiple units, including the building's roofing and exterior walls. The act also requires condo associations to carry primary coverage for damage to these common elements.
Noun. : an alteration made to an instrument that adds or deletes any provision or changes the rights and obligations of any party under it.
Under Florida law, the board or its committees set assessments for residents, hire personnel, maintain common areas, purchase insurance, obtain accounting and legal services and establish house rules. On a regular basis, board members must: Attend board meetings. Appoint committees.
Typically, the condo unit owner is responsible for the finished interior surface or the covering of the drywall, however, the condominium is responsible for the drywall itself. Therefore, if the unit's walls or ceiling are water or mold damaged, it is the condominium's duty and obligation to replace the drywall.
Florida courts have construed the phrase ?material alteration or addition? to mean to palpably or perceptively vary or change the form, shape, elements, or specifications of a building from its original design or plan, or existing condition, in such a manner as to appreciably affect or influence its function, use, or ...
In essence, the main difference between most HOAs and condo associations is the type of property they represent. Condominiums represent condos - apartments, while HOAs represent houses. Regardless of the association, they are both democratic institutions and therefore need to conduct elections.
This means they are obligated to put the shared interests of all Association members (property owners) above any personal motivations or views. Words used to describe a fiduciary relationship include Trust, Honesty, Loyalty, and Integrity.
(5) Each board of administration of a residential condominium shall adopt hurricane shutter specifications for each building within each condominium operated by the association which shall include color, style, and other factors deemed relevant by the board.