Community Association Managers Facing Scrutiny – Season 2 Episode 4 Highlights (Part 1)
Introduction
Hey there, folks! It’s me, diving back into the world of community association management. Today, let’s chat about the recent developments in the realm of management companies and the crucial issue of record withholding. As we all know, in my 32 years of practice, this has been a recurring problem that hampers the smooth functioning of condo associations. But fear not, for change is on the horizon.
Community Associations: A Guide to Successful Management
Robert’s Rules For Dummies
HOAleader.com
Rising Up Against Record Withholding
- In my experience, I’ve seen management companies often withhold association records after termination. It’s a frustrating situation for condo boards and residents alike.
- Enter the new bills, namely HB1021 and SB1178, designed to tackle this very issue. These bills mandate the return of all community association records within 20 business days. About time, right?
- What happens if these records aren’t returned within the stipulated time frame? Well, dear readers, the consequences are not to be taken lightly. Failure to comply could lead to hefty penalties, including license suspension and a daily fine of $1,000 for up to 10 days. Ouch!
The Necessity of Records
This long-overdue law acknowledges a fundamental truth – condo associations simply cannot function effectively without access to their records. It’s like trying to fly a plane without wings, pretty much a guaranteed crash waiting to happen. So, kudos to the lawmakers for addressing this critical issue.
Looking Ahead: Tighter Regulations
As we gear up for the upcoming legislative session, the spotlight is firmly on regulating community association managers and companies more closely. Previously, these entities wielded significant influence in Tallahassee, but the winds of change are blowing.
- The bill in question may bring about a substantial shift by reducing the number of condos required to put their records online from 150 to 25. This move aims to enhance transparency and make vital information more easily accessible to all concerned parties.
- Leading the charge against the nefarious practice of record withholding are none other than Senator Lopez, Senator Bradley, and Senator Pizzo. These champions are steadfast in their mission to hold management companies accountable and ensure the smooth operation of condo associations. Power to the people!
There you have it, folks, a glimpse into the evolving landscape of community association management. Stay tuned for Part 2, where we delve deeper into the ramifications of these proposed changes. Exciting times ahead!