Exam (elaborations)
Florida CAM - LAW section Questions and Answers 2024
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Florida CAM - LAW section
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Florida CAM - LAW sectionHierarchy of laws - answer Federal Law > State law > Local government
Declaration - answer Document that creates the association and specifies rights and
obligations of the members and the association.
Articles of incorporation - answer Document filed with the FL department of state that
creates the community and defines its powers and responsibilities
1.Contains legal description of the property
2.Describes the legal boundaries of the units
3.Provides voting rights and amendment procedures
4.Sets forth how association is to be operated
5.Outline factors that determine assessments
6.Provide occupancy and use restrictions
Bylaws - answer Code of rules adopted for the regulation of management of the affairs
of the corporation
1. Provide what types of meetings must be held
2. Provides the makeup of the board (# of directors and officers)
3. Voting requirements
4. Quorum requirements
5.Manner for budgeting and collecting assessments
Board Rules and regulation - answerInformal or supplemental rules adopted by the
association board
Types of Common Interest Communities - answer1. Condominiums (Ch. 718)
2. Cooperative (Ch.719)
3.HOA (Ch. 720)
4.Timeshares (Ch. 721)
5. Mobile homes (Ch. 723)
Who is the division that is tasked with enforcing compliance with ch 718-723? -
answerThe division of FL condominiums, timeshare, and mobile homes. (WITHIN
DBPR)
Order of priority for association documents - answer1. The declaration
2. Articles of incorporation
3. By-laws
4. Rules and Regulations
, CH. 617- NOT FOR PROFIT ACT- Contents of articles of incorporation - answer1. The
corporation name
2. the purpose of the corporation
3. Manner in which directors are to be elected
4. Address and name of the corporations registered agents and more
Registered Agent - answerin compliance with 617, association must maintain a
registered office and agent within state of fl. A statement in writing accepting
appointment by the RA must be filed with department of state
Directors have a fiduciary obligation to discharge heir duties - answer1. In good faith
2. with the care of an ordinarily prudent person in a like position
3. In a manner believed to be in the best interest of the corporation
Annual Filing - Condominiums - answerEach condo association which operates more
than two units shall pay to the division an annual fee of $4 for each residential unit
operated by the association.
If fee is not paid by march 1, the association shall be assessed a penalty of 10% the
amount due, and will not have standign the maintain or defend any action in court until
paid
Annual Filing: Timeshares - fees - answerOn Jan 1st, each timeshare plan must pay $2
for each 7 days of annual use availability. If any portion is not paid by March 1, they will
be penalized.
Condominium Parcel - answerA unit together with the undivided share in the common
elements appurtenant to the unit. It is created by the declaration and is a separate
parcel of real property
Appurtenances - answer1.An undivided share in common elements/surplus.
2. The exclusive right to use common elements
3. An easement for air space in the unit
4. Membership in the association with voting rights
(Come with the unit and cannot be separated)
Condominium as rentals: When unit is leased, the tenant has.... - answer1. All of the
rights of the owner
2. Owner gives up rights, except for guest rights, as long as it is not waived.
Common Elements include - answer1. Condo property that isnt included within the unit
2. Easements through conduits , plumbing, wiring etc to funish utilities to units and
common areas
3. an easement in support of the building
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