The document that establishes a condominium is the “Declaration of Condominium” but this is not who operates a condominium (condo) in South Florida.
The “Declaration of Condominium” describes the condominiums property, the unit boundaries, all common elements and all other improvements associated
with the condominium community. All declarations must be recorded in the public records where the condominium is located to be legally created and to be recognized.
A declaration includes all responsibilities of the association and the unit owner, referred to as the “Condominiums By Laws” and “Rules and Regulations”
A condominiums associations is who operates a condominium (condo) in South Florida and is regulated and required under the Florida Condominium Act in Statute 718. An association is founded as the instrument for a condominium and is usually a not for profit corporation. The condominium association body is the Board of Directors elected by their members.
The responsibilities of an association includes maintaining, repairing and protecting the facilities in the condominium complex including swimming pools, tennis courts, elevators, garden spaces etc.
The most important function of the association is the management of the day to day business. Some associations hire a management company or do it on their own. The decision are made as of the needs and capability by the association.
When you purchase a condo it is important that that you receive and read all the condominiums documents, which must include the Condominiums Declaration, the association Article of Incorporation, The Bylaws, the present year’s Estimated Operating Budget and a Receipt for the Condo Documents, The Frequently Asked and Question Sheet, and if you buy direct from a developer the Prospectus.
We can provide and request all documents need for you to have a smooth and on time closing. You don't need to deal with the associations direct, we will take care of it. If you have any question just send us an email and we take care of it, promise.