A: Condos are affected by Florida Bylaws, Florida Administrative Code, Condo Declaration, Bylaws, Association Bylaws, and Rules and Regulations issued by the Condominium Board. Q: What are the “rules and regulations” of the condominium? A: Generally, you are the exclusive owner of your condominium. You are also a member of the association and have full voting rights, as provided for in your declaration of co-ownership. You have the right to use the common elements and property of the corporation without paying a user fee. A user fee may be charged if the condominium declaration so provides for or if the owners approve the fee by majority decision of the corporation. You have the right to expect the corporation to keep the common elements. You also have the right to consult the official registers in accordance with the rules adopted by the association. (4) When renting a unit, the tenant has all rights of use over the corporation`s property and common elements that are otherwise readily available to the owners of the unit, and the owner of the unit has those rights only as a guest, unless the tenant waives those rights in writing. Nothing in this subsection affects the rights of access of the owner of the dwelling as a landlord under Chapter 83.
The corporation has the right to enact rules prohibiting the dual use by an owner of the unit and a tenant of land and common elements otherwise available for general use by the owners of the unit. If a condominium corporation`s administrative documents authorize the board to make rules governing the use of units and/or common elements, it is important that, when these rules are changed, the appropriate notification obligations are met. Under Chapter 718, the Condominium Act, the notification requirements for a rule change depend on the purpose of the rule – whether the rule amendment relates to the use of units or the use of common elements. The governance form should also contain the following statement in catchy type: “This publication is intended as an informal educational overview of condominium management. In the event of a conflict, the provisions of Chapter 718, Florida Statutes, the rules issued by the Division of Florida Condominiums, timeshare and mobile homes of the Department of Business and Professional Rules, the provisions of the condominium documents, and the appropriate rules adopted by the condominium corporation`s board of directors shall prevail over the contents of this publication. (5) A local government shall not issue an order prohibiting condominium owners or their guests, licensees or guests from pedestrian access to a public beach adjacent to a condominium unless it is necessary to protect public health, safety or natural resources. This subsection does not prohibit a government agency from making regulations for beach activities. Within 90 days after the end of the fiscal year or annually on a date provided for in the articles, the association shall prepare and complete a financial report for the preceding fiscal year. Within 21 days after the corporation prepares the final financial report or is received by the third party, but no later than 120 days after the end of the fiscal year or any other date provided for in the articles, the corporation sends each owner of the unit to the last address provided by the owner of the unit to the corporation.
or provide each unit owner with a copy of the most recent financial report or notice that a copy of the last financial report will be sent to the unit owner or delivered in person within 5 business days of receiving a written request from the unit owner. The Department issues rules that establish uniform accounting principles and standards to be applied by all associations and govern accounting requirements for multi-family housing corporations. The rules include, inter alia, standards for the presentation of a summary of the association`s reserves, including a fair estimate of the annual amount of reserve funds that would be required for the association to fully fund the reserves for each reserve item on a straight-line accounting basis. This information shall not apply to reserves financed by the pooling method. When publishing these statutes, the division shall take into account the number of members and the annual income of an association. (a) a group which meets the criteria set out in this paragraph shall prepare complete annual accounts in accordance with generally accepted accounting principles; The financial statements shall be based on the total annual income of the association as follows: 1. An association with total annual sales of $150,000 or more but less than $300,000 shall prepare a prepared financial statement. 2. An association with a total annual turnover of at least $300,000 but less than $500,000 shall prepare audited financial statements.