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Related Flashcards
Cards In This Set
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In a condo , if the documents are silent, transition must occur:
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Within three months after 90% of the units have been sold to owners other than the developer.
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A type of joint ownership of real estate where legal title is NOT vested in the individual but the individual recieves the right to occupy a unit is a
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Cooperative
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Appurtenances in a condo or cooperative include rights of
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The used of and access to all easements, membership in the association, and assigned percentage of ownership in the common areas and any club membership rights.
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Any person licensed under Part VIII of Ch 468, FL Statutes, is considered:
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Capable of performing community association management services.
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Mandatory homeowners associations are regulated by provisions of which FL statute?
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720, FS
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The condominium act and not for profit act requires require which document to establish procedures for carrying out the day to day operation of the association?
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By laws
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The condominium act specifies that which of the following are reserved for exclusive use of certain owners?
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Limited common elements
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The condominium act required the condominium documents to be recorded with which of the following to be effective?
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The clerk of the circuit court
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Part V of the Condominium Act gives which of the following the power to enforce and ensure compliance with this law?
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The Division of Florida Condominiums, Time Shares, and Mobile Homes.
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Amendments to the declaration become effective when
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Recorded with the clerk of the circuit court
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If a Cooperative wants to remove the pool to save money, they should first
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Checks the language of the declaration as it applies to material modifications.
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Rules adopted by the Division of Fl Condo, time shares, and mobile homes are incorporated into
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The administrative code
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In a mandatory HOA the board must provide the members notice of a board meeting at least:
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48 hours
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The property owned by all of the owners in a condominium is referred to as
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Common elements
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Which properties could be exempt from the prohibitions against discrimination based on familial status
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A community with all of the residents age 62 or over
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