Questions and Answers
Under what budget amount must a manager be licensed under Part VIII of Chapter 468?
What type of joint ownership allows individuals to occupy a unit without holding legal title?
What type of community association allows different people to own and occupy units throughout the year?
Appurtenances in a condominium or cooperative include rights of:
Signup and view all the answers
What is any person or firm licensed under Part VIII of Chapter 468 considered?
Signup and view all the answers
Which Florida statute regulates a homeowners' association where membership is mandatory for all owners?
Signup and view all the answers
A board member of a condominium or cooperative association may accept items of value under which condition?
Signup and view all the answers
What document creates the set of covenants and restrictions for homeowners' association members?
Signup and view all the answers
Which document does Florida's Condominium Act require for day-to-day operations of the association?
Signup and view all the answers
Which elements are specified by the Condominium Act for exclusive use by owners?
Signup and view all the answers
Where must each community association's governing documents be recorded to be effective?
Signup and view all the answers
Who has the power to enforce compliance with the Condominium Act?
Signup and view all the answers
When existing rental property is converted to a condominium, what right does each tenant have?
Signup and view all the answers
When do amendments to the homeowners' association declaration become effective?
Signup and view all the answers
What must the Bountiful Gardens Condominium do before removing the swimming pool?
Signup and view all the answers
Study Notes
Licensing and Management
- A licensed manager is required under Part VIII of Chapter 468 if the community association's budget exceeds $100,000.
Types of Ownership
- Cooperative ownership involves individuals receiving the right to occupy a unit without holding legal title.
- Time-share properties allow different individuals to own and occupy individual units during specified times.
Community Association Structure
- Appurtenances in condominiums and cooperatives include usage rights, access to easements, and membership in the association.
- Licensed community association managers are characterized as capable of performing management services.
Legal Framework
- Homeowners' associations with mandatory membership and lien rights are governed by Florida Statute 720.
- The declaration establishes rights and responsibilities for homeowners, residents, and guests.
Governance Documents
- Bylaws are required by Florida's Condominium Act and Not-For-Profit Act for managing day-to-day operations.
- Amendments to homeowners' association declarations become effective when recorded with the clerk of the circuit court.
Exclusive Use Rights
- Limited common elements are designated for the exclusive use of specific owners within the community.
Compliance and Enforcement
- The Division of Florida Condominiums, Timeshares, and Mobile Homes holds the authority to enforce compliance with the Condominium Act.
Tenant Rights
- Tenants in existing rental properties converting to condominiums have the right to extend their leases.
Changes to Common Elements
- Modifications to common elements, such as removing a swimming pool, must comply with the declaration's language and be appropriately voted on by the membership.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on the essential aspects of managing community associations in Florida. This quiz covers licensing requirements and ownership types relevant to community association managers. Ideal for those preparing for the Florida Community Association Manager exam.
