Podcast
Questions and Answers
What is defined as real or personal property owned by two or more entities, with a legally binding agreement to share responsibility and costs?
What is defined as real or personal property owned by two or more entities, with a legally binding agreement to share responsibility and costs?
A Community
Community Associations are structured by what type of documents?
Community Associations are structured by what type of documents?
Formal legal documents
Community Associations are also referred to as what?
Community Associations are also referred to as what?
Conceptually, what do Community Associations maximize?
Conceptually, what do Community Associations maximize?
Signup and view all the answers
What are the 5 types of Community Associations?
What are the 5 types of Community Associations?
Signup and view all the answers
What are the 3 specific requirements of Community Associations in Florida?
What are the 3 specific requirements of Community Associations in Florida?
Signup and view all the answers
What factors influence the type of association that can be developed?
What factors influence the type of association that can be developed?
Signup and view all the answers
What documents define the regulations for use of land and member's responsibilities?
What documents define the regulations for use of land and member's responsibilities?
Signup and view all the answers
What fee must a developer pay upon filing required documents with the DBPR?
What fee must a developer pay upon filing required documents with the DBPR?
Signup and view all the answers
A developer must file documents with certain governmental entities and pay a fee for each unit or lot in a community.
A developer must file documents with certain governmental entities and pay a fee for each unit or lot in a community.
Signup and view all the answers
Florida requires all community associations to be incorporated.
Florida requires all community associations to be incorporated.
Signup and view all the answers
Since when are all community associations in Florida required to be incorporated?
Since when are all community associations in Florida required to be incorporated?
Signup and view all the answers
HOAs do not pay fees, as they are not regulated by the state.
HOAs do not pay fees, as they are not regulated by the state.
Signup and view all the answers
What does DFCTSMH stand for?
What does DFCTSMH stand for?
Signup and view all the answers
What are the two divisions of DFCTSMH?
What are the two divisions of DFCTSMH?
Signup and view all the answers
The CAM license is valid for 2 years and the period starts on Oct 1st of ______ ______ and expires on September 30th of ______ ______.
The CAM license is valid for 2 years and the period starts on Oct 1st of ______ ______ and expires on September 30th of ______ ______.
Signup and view all the answers
There are continuing education requirements of 20 hours for every licensing term to maintain the CAM license.
There are continuing education requirements of 20 hours for every licensing term to maintain the CAM license.
Signup and view all the answers
What is the role of a CAM?
What is the role of a CAM?
Signup and view all the answers
A CAM license is required for managing if there are more than how many units or budgets?
A CAM license is required for managing if there are more than how many units or budgets?
Signup and view all the answers
The association is not required to hire a manager or management company.
The association is not required to hire a manager or management company.
Signup and view all the answers
Who appoints the 7 member council of community association managers?
Who appoints the 7 member council of community association managers?
Signup and view all the answers
Study Notes
Community Association Fundamentals
- A community is a collective of real or personal property shared by multiple entities under a legally binding covenant for maintenance and administration.
- Community Associations are formally structured by legal documents that specify property rights and enforce rules and restrictions.
- Community Associations are often referred to as covenants.
Purpose and Types of Community Associations
- Community Associations aim to maximize land use while sharing responsibilities and expenses.
- The five types of Community Associations include Condominium, Cooperative, Homeowners Association (HOA), Timeshare, and Mobile Home Park.
Requirements and Regulations in Florida
- In Florida, Community Associations must meet three specific requirements: mandatory membership, voting rights for members, and the ability for unpaid assessments to become a lien.
- Factors such as zoning and the Comprehensive Development Master Plan (CDMP) influence the type of association that can be developed.
- Essential documents for regulating land use, members' rights, and responsibilities include declarations of covenants and restrictions, Articles of Incorporation, and bylaws.
Developer Fees and Filing
- Developers are required to pay filing fees: $20 per unit for new condos/coops, $2 per week for timeshares (max $25,000), and $10 per lot for mobile homes (min $100).
- Developers must file necessary documents with government entities and pay corresponding fees for each unit or lot.
Incorporation and Regulation
- Florida mandates that all community associations be incorporated since April 1, 1992.
- HOAs are not directly regulated by the state and do not pay hefty fees.
Department Oversight
- The DFCTSMH (Division of Florida Condominiums, Time Shares, & Mobile Homes) consists of two divisions: Bureau of Standards & Registration for new developments and Bureau of Compliance for existing associations.
Community Association Manager (CAM) Licensure
- A CAM license is valid for two years, starting on October 1 of even years and expiring on September 30.
- Continuing education of 20 hours is required for each licensing term, although initial licenses may be exempt during the first term.
- A CAM is tasked with implementing policies and procedures directed by the board of directors.
Management Requirements
- A CAM license is necessary for managing properties with more than ten units or budgets exceeding $100,000.
- Associations can function without hiring a licensee; volunteer directors and officers can manage the property independently.
Advisory Councils
- A seven-member council of community association managers is appointed by the governor and confirmed by the senate.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Explore the essential concepts of Community Associations including their purpose, types, and specific requirements in Florida. This quiz covers everything from legal structures to regulations affecting community governance and management.
