Alex Can a condo association hire a management company?
But if they don’t, then hiring a professional management company is probably the prudent thing to do. One Florida condominium association has tried it both ways, and clearly prefers going it alone. Association administrators have twice opted out of self-management by hiring an outside company, and twice have been forced to let them go.
Can You terminate a property management company for cause?
It was in their contract that we could terminate them for cause. Trust me, we had a long list of causes.”
How to become a condo manager in Florida?
You can ask the association about their requirements and take the Florida condo board certification course to be eligible for the board’s membership. The course will broaden your knowledge about condo property manager responsibilities and help you hire a competent professional to perform the duties.
Do you need to send notice to management company of condo?
A No. The Condominium Act provides that a corporation must send required notices to each owner who has notified the corporation in writing of the owner’s name and address for service. You are entitled to advise the corporation that your address for service is the address of your management company. YOU MIGHT BE INTERESTED IN…
How to prevent termination of a condominium association?
To prevent termination related to Association debt, condominium assessments (regular and special) must be collected on time. Associations must ensure that they have the money necessary to maintain the community, including contingencies for delinquent owners. Boards should consider ways for owners to remain “current” even in an economic downturn.
Can a condominium corporation terminate a property manager?
Condominium corporations rely on the property manager to assist the Board in running the affairs of the corporation. However, if the property manager is not performing the property manager’s duties to the satisfaction of the Board, then the Board will look at the management contract to determine if it can terminate the manager.
But if they don’t, then hiring a professional management company is probably the prudent thing to do. One Florida condominium association has tried it both ways, and clearly prefers going it alone. Association administrators have twice opted out of self-management by hiring an outside company, and twice have been forced to let them go.
You can ask the association about their requirements and take the Florida condo board certification course to be eligible for the board’s membership. The course will broaden your knowledge about condo property manager responsibilities and help you hire a competent professional to perform the duties.