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?
A Community
Community Associations are structured by what type of documents?
Formal legal documents
Community Associations are also referred to as what?
Conceptually, what do Community Associations maximize?
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What are the 5 types of Community Associations?
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What are the 3 specific requirements of Community Associations in Florida?
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What factors influence the type of association that can be developed?
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What documents define the regulations for use of land and member's responsibilities?
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What fee must a developer pay upon filing required documents with the DBPR?
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A developer must file documents with certain governmental entities and pay a fee for each unit or lot in a community.
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Florida requires all community associations to be incorporated.
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Since when are all community associations in Florida required to be incorporated?
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HOAs do not pay fees, as they are not regulated by the state.
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What does DFCTSMH stand for?
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What are the two divisions of DFCTSMH?
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The CAM license is valid for 2 years and the period starts on Oct 1st of ______ ______ and expires on September 30th of ______ ______.
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There are continuing education requirements of 20 hours for every licensing term to maintain the CAM license.
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What is the role of a CAM?
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A CAM license is required for managing if there are more than how many units or budgets?
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The association is not required to hire a manager or management company.
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Who appoints the 7 member council of community association managers?
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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.
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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.
