Full Service Property Management
What is the legal requirements and job duties of Community Association Managers?
"In Florida, a licensed community association manager is a person hired to manage a community association with more than 10 units or have an annual budget in excess of $100,000.00. Community association management can be applicable to mobile home parks, planned unit developments, homeowners associations, cooperatives, timeshares, condominiums, or other residential units, which are part of a residential development scheme and which are authorized to impose a fee that may become a lien on the parcel.
A community association management firm is also required to be licensed. A community association management firm may be a corporation, limited liability company, partnership, trust, association, sole proprietorship, or other similar organization engaging in the business of community association management.
Community association managers may control or disburse association funds; determine how or when to prepare budgets or other financial documents for an association; determine how or when to provide notice of meetings or to conduct association meetings; maintain and/or have authorization to spend association petty cash; coordinate maintenance for the residential development; and perform other day-to-day services involved with the operation of a community association. A community association manager must allow access to association records for the purpose of inspecting or photocopying, to a person entitled to such by law (Rule 61E14-2.001(6), F.A.C.)."
Source: http://www.myfloridalicense.com/dbpr/os/documents/CAMBrochure.pdf