NEW POWERS FOR SOUTH FLORIDA HOMEOWNERS ASSOCIATIONS

By
Real Estate Agent with One Sothebys International Realty

 

Effective July 1, 2014, Homeowner Association (HOA) board members throughtout Florida will have more discretion to raise fees and enter into contracts when the governor declares a state of emergency, such as during a hurricane.  Board members will now be able to borrow money & contract for services without the full board's vote during the emergency period. The new legislation  will also now   allow board members to charge homeowners new fees to repair common areas without sending notices to homeowners, having a meeting or obtaining a quorum of board members.

The bill enacting these changes came from the frustration & chaos following hurricanes in recent years, when local HOAs couldn't get repairs done due to lack of quorums. The changes enacted give HOAs some of the same powers that Condominium associations have during emergencies.

How you feel about these increased powers depends on where you sit. Critics contend that these increased powers aren't necessary & could lead to abusive practices while supporters believe that, in the event of an emergency, being able to act quickly to restore or replace community infrastructure protects property & residents. Time will tell how HOAs use the expanded power.

Contact me with any questions about Selling or Buying in Pembroke Pines & elsewhere in South Florida.

 

 

 

 

 

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 Your blingual residential real estate guide. Certified Probate Real Estate Specialist (CPRES) and Certified Distressed Property Expert (CDPE).  Serving Pembroke Pines, Fl.  and surrounding communities.   


Dalia Kibby, PA
  Direct 954-610-7864| email me
website www.daliasellshomes.com | search for homes

 

If you are Buying, Selling or Relocating to the South FLorida area and need help from a professional REALTOR®, I would be happy to assist you! I also work with  estate Executers, Personal Representatives and Administrators .     Please visit my website for property searches, to sign up for free listing alerts and other information.   

 

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