Who Operates A Condominium (Condo) in South Florida
The document that establishes a condominium is the “Declaration of Condominium” but this is not who operates a condominium (condo) in South Florida.
The “Declaration of Condominium” describes the condominiums property, the unit boundaries, all common elements and all other improvements associated
with the condominium community. All declarations must be recorded in the public records where the condominium is located to be legally created and to be recognized.
A declaration includes all responsibilities of the association and the unit owner, referred to as the “Condominiums By-Laws” and “Rules and Regulations”
A condominiums associations who operates a condominium (condo) in South Florida is regulated under the Florida Condominium Act in Statute 718. An association is founded as the instrument for a condominium and is usually a not for profit corporation. The condominium associations body is the Board of Directors elected by their members.
The responsibilities of a condo association including maintaining, repairing and protecting the facilities of the condominium complex including swimming pools, tennis courts, elevators, garden spaces etc.
The most important function of a condo association is the management of the day to day business. Some associations hire a management company or do it on their own. The decisions are made as of the needs and capability by the association.
When you purchase a condo it is important that you receive and read all the condominiums documents, which must include the Condominiums Declaration, the associations Article of Incorporation, The Bylaws, the present year’s Estimated Operating Budget and a Receipt for the Condo Documents, The Frequently Asked and Question Sheet, and if you buy directly from a developer the Prospectus.
We can provide and request all documents needed for you to have a smooth and on time closing. You don’t need to deal with the associations direct, we will take care of it. If you have any question to “Who Operates A Condominium (Condo) in South Florida ” just send us an email and we take care of it, promise.