The Pooled and Component Methods of Reserve Funding for Community Associations
By Hans C. Wahl May 18, 2021 Posted in Community Association Law
Florida law requires reserve funding for certain community association common elements. Condominium associations are required to fund reserve accounts for roof replacement, building painting, pavement resurfacing and any other item that has a maintenance expense or replacement cost exceeding $10,000. Fla. Stat. § 718.112(2)(f). Homeowners’ associations are required to fund […]
Read More