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Property Rights EstatesCondo_hoaMEDIUM

Florida law requires condo associations to maintain:

Correct Answer

B) Reserve funds for major repairs

Florida condo associations must maintain reserve funds for roof, painting, paving, etc.

Answer Options
A
No reserve requirements
B
Reserve funds for major repairs
C
Only hazard insurance
D
Developer guarantees
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Related Topics & Key Terms

Related Topics:

condo-financial-managementspecial-assessmentsflorida-condo-lawsreserve-studies

Key Terms:

reserve fundsChapter 718Section 718.112Surfside reformsSB 4-D condominium
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