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Real Estate Q&A: When It Comes to Condo Boards, Apathy Can Be Expensive

Home Best Practices
By Gary M. Singer, South Florida Sun Sentinel
January 6, 2018, 12 am
Reading Time: 2 mins read
Nice Apartment Complex

Nice Apartment Complex

(TNS)—Q: In our condo association we don’t have enough people who want to serve on the board of directors to fill all of the seats necessary under our documents. What can we do? –Tom

A: Owner apathy is probably the most significant issue facing community associations. For your community to run properly, enough of your neighbors will need to volunteer for the difficult and often thankless job of serving on the board. If enough people do not step up to fill the required seats, the law allows any owner in the community to apply to the court to have a receiver appointed to run the association until enough owners can be found to serve.

Unlike neighborhood volunteers, a court-appointed receiver will be paid a salary by the association, and the costs of having the receiver appointed will be reimbursed to the owner who applied. Receivers can be expensive, so a special assessment will most likely be levied against all owners to cover these costs.

Since this is a drastic move, the owner making the application must notify the association at least 30 days before filing with the court and must post the notice conspicuously for other owners to see. The announcement tells the other owners that unless the vacancies are filled, the court will be asked to have a receiver appointed. Upon seeing this, your neighbors would be wise to find volunteers to serve their community.

Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar.

©2017 Sun Sentinel (Fort Lauderdale, Fla.)
Visit Sun Sentinel (Fort Lauderdale, Fla.) at www.sun-sentinel.com
Distributed by Tribune Content Agency, LLC

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Tags: Condo AssociationCondo BoardCondo Board MembersCondo OwnersHomeownershipreal estate news
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