The Florida Department of Business and Professional Regulation recently launched a website where HOAs must register certain information about their associations. Newly passed legislation requires an HOA’s community association manager or management firm (or the HOA where there is no community association manager or management firm) to register with the Department and provide information about the HOA before November 22, 2013. The Department will use the information provided to prepare an annual report that will be submitted to the Governor, the President of the Senate, and the Speaker of the House of Representatives. The Department will prepare annual reports containing this information until the reporting requirement ends in 2016 (unless reenacted by the Legislature).
The required information includes:
- The HOA’s legal name;
- The HOA’s federal employer identification number (“EIN”);
- The HOA’s mailing and physical address;
- The total number of parcels in the HOA; and
- The total amount of revenues and expenses from the HOA’s annual budget.
For HOAs that are still under the control of the developer, the report must also include the following information:
- The developer’s legal name;
- The developer’s federal EIN; and
- The total number of parcels owned on the date of reporting.
HOAs can register with the Department of Business and Professional Regulation at http://www.myfloridalicense.com/hoa. If you have questions about the registration process, you can contact the Department at 1-800-226-9101.
Chaired by Joshua D. Krut, our Community Association, Club and Resort Group provides a myriad of legal services to condominium associations, homeowners’ associations, cooperatives, timeshares, equity clubs, owners’ ad hoc committees and hotel condominiums. The Group advises Boards of Directors and Association Managers regarding corporate governance matters and document interpretation and rule enforcement, represents associations in the collection of delinquent maintenance payments, and drafts and negotiates vendor and service contracts on behalf of our clients. The Group also works with our Real Estate Group and Private Land and Zoning Practice Group on issues related to land use, and with members of our Litigation Division for foreclosure and complex litigation.
Author(s): Joshua D. Krut & Brooke P. Dolara