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Most states have changed this older, common law rule, and now only require a majority of shareholders to agree to change the articles of incorporation. Sometimes, however, only some shareholders can vote.
So starting in 2025, new Florida state law will require condo boards of buildings that are three stories or higher to set aside money to cover the cost of future major repairs, not for cosmetic stuff like new carpet, paint, lobbies, and you know, stuff like that.
Section 718.110(14), Florida Statutes, applicable to Condominiums, provides that: ?An amendment prohibiting unit owners from renting their units or altering the duration of the rental period applies only to unit owners who consent to the amendment and unit owners who acquire title to their units after the effective ...
Your documents should contain a section for board member removal. 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.?
Section 454.18, Florida Statutes, prohibits clerks of court and their deputies from practicing law except for themselves. The below forms were created and provided by the Florida Bar.
Homeowners' Association Amendments Section 720.306(1)(e), Florida Statutes requires that a proposal to amend the governing documents must contain the full text of the provision to be amended and may not be revised or amended by reference solely to the title or number.
Section 718.112, Florida Statutes, which covers board elections, among other items, was first amended effective in 2018 to include a provision that board members could only serve for four consecutive terms of two years at most (later amended to make this a straight eight-year limit, regardless of length of terms).
Fla. Stat. §718.3027(1) now provides that a rebuttable presumption of a conflict of interest exists if any of the following occurs without prior notice: A director or an officer, or a relative[2] of a director or an officer, enters into a contract for goods or services with the association.