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106 Cards in this Set
- Front
- Back
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The type of financial report, known as a basic cash report, applied to all associations with fewer than 50 units and with annual revenues of less than $100,000.
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Informal Report
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A certified document provided by the association that states an owner's current assessment status.
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Certificate of Assessment
Estoppel Certificate |
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The document filed with the Florida Department of State that creates the community association and defines its powers and responsibilities.
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Articles of Incorporation
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A form of ownership of real property in which legal title is vested in an association and the right to occupy or use is evidenced by an ownership interest in the association and proprietary lease.
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Cooperative
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The unit owner's share of the money required to pay the expenses of the association
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Assessment
Association Dues |
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The document that creates a condominium when recorded with the Clerk of Curcuit Court in the county where the property is located.
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Declaration of Condominium
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A third party facilitates a voluntary settlement between conflicting parties who have 30 days to file an appeal in court.
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Mediation
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The minimum number of members entitled to vote who must be present, in person or by a proxy, in order to conduct the business of that group.
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Quorum
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Each director's obligation to discharge his or her duties with due care and in the best interests of the corporation.
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Fiduciary
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A corporation in which no part of the income or profit is distributable to its members, directors, or officers.
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Corporation Not-For-Profit
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The transfer from developer control of a community association to the establishment of a unit owner controlled association.
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Transition
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A person who has a physical or mental impairment which substantially limits one or more major life activities or has a record of having, or regarded as having, such physical or mental impairment.
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Handicap
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Owners have petitioned the board because the budget calls for new assessments for operating expenses in excess of 115% of the previous year.
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Reconsideration
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The policy that covers only losses that result from causes that are explicitly listed in the insurance policy.
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Named Peril
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The Declaration, the Articles of Incorporation, the By-Laws, and the board rules and regulations.
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Governing Documents
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The most in-depth statement that applies to all association with annual revenues of more than $400,000 and all timeshares.
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Audited Report
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Jointly owned common elements reserved for the exclusive use and benefit of a specific unit/units.
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Limited Common Elements
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Insurance to cover employees who are injured while working or who contract an illness as a result of the work.
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Worker's Compensation
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The group of persons vested with the management of the affairs of the association corporation.
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Board of Directors
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The Board of Directors may delegate its authority to the _____________________.
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Association Manager
Contract Service Providers |
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The role of the Community Association Manager is to ______________________.
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Implement the decisions of the Board of Directors
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The three types of community associations (condo, coop, HOA) are also known as what.
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Common Interest Realty Associations (CIRA)
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The property and amenities set aside for the use and enjoyment is limited to only certain residents is called.
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Limited Common Elements
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The condo or coop associations can NOT prohibit a unit owner's right to what.
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Common Elements
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A homeowners association may have the right under its governing documents to suspend a resident's rights to use the common area or facilities for what reasons.
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failure to abide by association rules
failure to pay assessments in timely manner |
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If a cono or coop unit owner leases their unit, what is the tenant rights.
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Same as the owner
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If a condo or coop unit owner leases their unit, what are the owners rights.
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Same as a guest
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In dealing with a tenant who violates association rules, who is responsible for dealing with it.
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Association representative will notify owners and it is the owners responsibility to see that the tenant obeys association rules and regulations.
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When a unit owner is in volation of the governing documents, what is the preferred method of resolution.
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Voluntary Compliance by the Owner
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When a volation is given to a unit owner, the notice by the Board should state what.
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The specific rules of violation
A deadline for compliance An opportunity by the unit owner to correct the volation |
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That type of community association may fine unit owners, licensees, or invitees who fail to comply with any provision of the associations governing documents.
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All 3 types--Condo, Coop, HOA
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The authority to fine a unit owner/member of an association must be stated in what.
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Specific Governing Documents
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No fine may exceed how much per violation.
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$100.00
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A fine may be levied each day of a continuing violation, however, no fine may exceed how much.
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$1,000.00
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In general, all fines for violations are to be paid to whom.
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County Clerk
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Condo an dCoop Association Officers or Board Members are subject to which chapter of the Florida Statutes.
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Condo--Chapter 718
Coop--Chapter 719 |
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Who may be fined if they are found to knowingly violate the Florida Statutes or rules.
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Board of Directors and it's Officers
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A Condo or Coop association may charge a transfer fee, if permitted by the governing documents, of not more than how much.
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$100.00
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If provided for in the governing documents or a majority vote of the association, a Condo or Coop association may charge a use fee for the use of what.
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Common Elements
Association Property |
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As a means of resolving association disputes, both Condo and Coop associations must use what.
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Arbitration
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What is the formal process in which an arbitrator has the authority to decide the dispute.
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Arbitration
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In order to achieve the association goals, what is the process of planning, organizing, leading, and controlling of an association.
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Human Resources Management
This resources may be paid employees, volunteers, or contractors |
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A typical HRM system is composed of what 4 compenents.
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Personnel Manual/Handbook
Job Description Compensation and Benefits Employment Records and Files |
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A specific description of the required duties of a position, skills and knowledge necessary to perform duties of a position, and reporting relationships of a position is called what.
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Job Description
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The regular and special tasks managment expects of an employee to perform during a certain time period is called what.
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Performance Goals
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The description of the results the managment expects an employee to accomplish during a certain time period.
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Performance Standards
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The process of reviewing an employees work performance to determine the extent to which the established goals and standards have been met.
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Performance Evaluation
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The four (4) ways an employee can be separated from an employer.
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Retirement
Voluntary Departure Laid Off Termination |
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The procedure whereby performance problems are brought to the employee's attention and the employee and employer take appropriate actions to correct them.
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Progressive Discipline System
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What are the four (4) steps to the Progressive Discipline System procedure.
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Verbal Warning
Written Notice Warning Probation Period Termination |
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This term refers to all types of mandatory membership of real property associations.
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Community Association
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What 3 documents define the obligations, rights, and responsibilities of both the owners and the community association.
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Federal Laws
Florida Statutes Governing documents |
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What is the legal entity that govern the community, maintains, repairs, and replaces common property, and enforces the requirements of the governing documents.
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Community Association
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Who is the community association incorporated through.
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Florida Department of Corporations
Secretary of State |
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Owners of units are called what in the corporation.
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Members/Shareholders
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Any person who is licensed under Part VII of (FS) Chapter 468 to perform community association management services is called.
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Community Association Manager
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The CAM acts as what for the Board of Directors of the Community Association by which he/she is hired.
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Agent
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A form of joint, undivided ownership of real property is a form of what.
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Condominium
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Condo Associations are distingushed from the other types of joint or common ownerships in that what 3 parts make up the condominium.
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Exclusive ownership of a single unit
Joint, undivided ownership of a percentage of common elements Required membership in the association |
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What is composed of units that may be owned by one or more person with which there is appartenant to each unit and undivided share of the common elements.
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Condominium
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What is created when a Declaration of Condominium is recorded in the public records of the county in which the condo is located.
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Condominium
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What is regulated by (FS) Chapter 718.
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Condominiums
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What is a form of joint ownership of real property.
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Cooperatives
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What is regulated by (FS) Chapter 719.
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Cooperatives
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In short, each owner owns "a piece of the rock" is called.
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Condominium
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What is regulated by (FS) Chapter 721.
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Timeshare Associations
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What is regulated by (FS) Chapter 720.
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Homeowner's Associations
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What is attaching to property ownership by the developer when a declaration of covenants, conditions, and restrictions is recorded with the Clerk of the Court in the county in which the land is located.
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Mandatory Membership Howeowners Association.
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What is the common denominator that binds the owners.
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Governing Documents
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What rights in the association are transferred automatically when the property is transferred to a new owners.
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Membership Rights
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The Articles of Incorporation and By-Laws of most homeowners associations are established under what FS.
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(FS) Chapter 617--The Florida Not-For-Profit Corporation Act.
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Homeowners Associations consists of what.
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Individually ownned lots/residences
Documents that govern the homes Common areas owned or controlled for the use of members HOA which enforce the governing documents and rules. |
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What includes plans, schemes, etc. where membership agreement, lease, deed, license, rental agreement etc. where an owner receives rights to use property for fixed periods of time of less than a full year in any given year.
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Timeshare Plans
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If a same unit will be occupied for consecutive time periods by different owners or users is called.
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Timeshare Plans
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The time periods of a Timeshare Occupancy may be what 3 kinds of periods.
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Fixed--same week every year
Floating--change from year to year Flexible--changed to subject of availability |
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List several types of properties whthin a community association.
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Dwelling Unit
Common Property Association Property Limited Common Property |
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What is another phrase of each individual member must give up some degree of freedom that might be enjoyed if the association were nonexistent.
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"A mans home is not necessarily his castle."
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What is the overriding principle in the association concept.
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To provide a harmonious community
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The portion of the community property shared by all owners and members is knows as.
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Common Elements/Areas/Property
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A condo common property is jointly owned by all owners in undivided interest and is referred to as.
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Common Elements
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Who holds property that is owned by the association, but is for the use and benefit of all association members.
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HOA's
Coop's |
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Common areas reserved in the Declaration of Condominium for exclusive use by a particular unit/units to the exclusion of others are known as.
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Limited Common Elements
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The accessory rights included in the ownership of property in a condo or membership is a coop or HOA is called.
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Appurtenances--rights to use/have access to easements and the right to vote.
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Members of the community association have 2 sets of responsibilities.
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To themselves and their individual property
To the association and the community |
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Owners attending meetings of the Board of Directors and/or membership have the right to do what to the proceedings, subject to reasonable rules and regulations adopted by the Board of Directos from time to time.
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Videotape
Audiotape |
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Business of the association is conducted at meetings of the Board of Directors, which notices are to be posted in the community how many hours before the meeting convenens.
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48 Hour Notice
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In what kind of corporation the Board is not obligated to allow an owner to particpate in the meeting, although the right to attend the meeting is guaranteed by law.
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(FS) 617
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Order of the Priority of Application.
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1. Federal Law 2. State Law 3. Local codes, ordinances and laws 4. Declaration of Condominium 5. Articles of Incorporation 6. By-Laws of the Association 7. Rules and Regulations of the Association
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All operations of the association are to some extent are subject to the privisions of what.
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United State Constitution
The Constitution of the State of Florida |
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The Cono and Coop Acts allow association to be Corporations for what.
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Profit
Non-For-Profit |
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After what year all Associations created must be organizations under the Florida Not-For-Profit.
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January 1, 1977
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A corporation created under what FS Chapter cannot distribute any part of its income to individual members, directors, or officers of the association, although it is permitted to pay reasonable compensation to it officers, agents, and directors if permitted by the Articles of Incorporation or the By-Laws
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(FS) Chapter 617
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Associations must retain minutes for how many years.
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Seven (7)
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For elections of members to the Board of Directors, owners may vote how.
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In person
By proxy |
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What (FS) Chapter addresses special condominiums, cooperatives, and other residential properties known as timeshare properties.
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(FS) Chapter 721
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What type of properties are those that are used by more than one owner throughout the course of a year.
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Timeshare Properties
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A unit owner or agent shall have access to the books and records within how many days after management received a written request for the books and records.
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Seven (7)
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How long before an annual meeting does a notice need to be sent out to the membership.
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Election meeting--60 days. Before elections, members have 20 days to respond if they want to be in the elections. Second Notice is to be sent 14 days before meeting with ballots.
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How long before a budget meeting does a notice have to be sent to the membership.
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Fourteen (14) days
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How long before a normal meeting does a notice need to be sent out to the membership.
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48 Hours. Letters are not necessary by mail. A notice can be posted in the condo
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The Condo Act, Timeshare Act, and CAM law grant who the authority to promulgate certain administrative rules to assist with the responsibility to enforce each act.
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Department of Business and Professional Regulation
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What makes it unlawful to discriminate in the sale or rental of housing, in financing of housing, and in residential real estate transactions on the basis of race, color, national origin, sex, handicap, family status, or religion.
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The Florida Fair Housing Act (FS) 760.20 - (FS) 760.37
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Managers who receive renumeration for providing management services to mandatory residential community associations having a total of more than 50 units or an annual budget of more than $100,000 are required to.
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Be licensed by the Department of Business and Professional Regulation
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The purpose of what Act is to provide a mandate for the elimination of discrimination of individuals with disabilities.
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Americans with Disabilities Act (ADA)
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Who requires all employers to withhold social security, medicare, and income taxes from employee's pay and to pay federal unemployment taxes.
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The Internal Revenue Service (IRS)
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What is the document or set of documents that establishes the formal regulations for all of the property in the residential community.
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The Declaration of Covenants and Restrictions
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