Florida Condo & HOA Law Updates 2025 | Financial Reporting, Budgets & Reserve Rules Explained скачать в хорошем качестве

Florida Condo & HOA Law Updates 2025 | Financial Reporting, Budgets & Reserve Rules Explained

In this video, Kara from Kelly, Grant & Tanis explains the latest Florida laws impacting condos, HOAs, and co-ops, focusing on financial reporting deadlines, investment rules, reserve thresholds, and substitute budget procedures. If you’re a community association manager, board member, or unit owner, this update is essential to help you stay compliant with the 2025 legislation. 📌 Key Topics Covered: Extended deadline for annual financial reports (from 120 to 180 days) Five-day rule for providing financial reports upon request New affidavit requirements for confirming report delivery Rules allowing cash or compilation reports by member vote Financial reporting for shared facilities and condo partnerships Substitute budget procedures when expenses exceed 115% Investment of association funds – now permitted with banks & CDs Reserve funding adjustments tied to inflation (CPI-based) Pooling of reserve funds for required components 💡 Practical Tips: Associations can save costs through majority vote on report type. Boards must act prudently when investing community funds. Always document financial notices and delivery confirmations. ⚠️ Disclaimer: This video is for educational purposes only. Always consult a Florida Community Association Attorney before taking any action regarding your community’s financial or operational procedures. 👉 Subscribe for more insights on Florida condo and HOA law, management best practices, and upcoming legislative updates. #FloridaLaw #HOA #CondoAssociation #CommunityManagement #LegalUpdate #PropertyManagement #KellyGrantTanis #FloridaRealEstate