Yes, if there is a restriction on rentals.
Read the most current version of your governing documents to determine the status of any rental cap that has been voted in as an amendment to your CC&Rs.
As well, your board or association manager can provide you with the details in the governing documents that address unit rentals.
As most home owners associations are written into the deed as a convanant there is no way out but to sell the property.
Although your association may be a valid Florida non-profit corporation, grants are not generally a source of income. Association income is based on assessments paid by owners.
The key phrase in your question is 'shortage of funds'. If the association borrows money from its owners to make repairs, then the owners and the association need a written agreement that details the repayment plan. A more common and more sound approach dictates that the association levies a special assessment against all owners to pay for repairs and other services. An association that operates with a 'shortage of funds' is not an association where units will be attractive to buyers.
A homeowners association cannot be a mandatory association without the consent of 100% of the property owners in the development attempting to establish an association. In addition to the consent of the property owners, the association must follow certain procedures and file the proper documents in order to subject the property to the association's rule.
You can find the answer you want by contacting the Secretary of State in Florida, who has a record of when the association was established.
If the homes are within the provenance of the association, the new owners are automatically members of the association and are required to pay monthly assessments and live in the property according to the governing documents.
Read your governing documents regarding minutes and owners' access to them. There is no standard; each association is different.
Yes.
In Florida, there is no legal requirement for a homeowner association (HOA) board member to be on the deed of a property. However, the association's bylaws may outline specific qualifications or requirements for board membership, such as being an owner or resident in the community. It is essential to consult the HOA's governing documents for specific requirements.
Homeowner associations are not voluntary: purchasing property governed by an association means that the owner is obligated to abide by the governing documents. Additional memberships, such as use of pool, golf course, club house and so forth may be optional. Assessments are collected from owners to support the operation of the association's business. If your governing documents subject you to paying assessments, and the board has the power to assess them, then they are due and owing.
Boards are expected to spend monies according to the annual budgets which owners ratify yearly. There may be extra-ordinary expenses, which the board must explain.
Norwegian Forest Owners Association was created in 1913.