Building communities is our passion
A full service association management company providing facilities management, financial management and administration.
We provide the highest level of professional management to associations relieving board members and owners form the burden of the daily operations of their association.
ASK the EXPERTS
WHAT IS THE BUSINESS JUDGMENT RULE?
This rule has been codified in Florida Statute §607.0830 and provides that an association Board must make decisions in good faith; with the care of an and in a manner that the Board reasonably believes to be in the best interest of the corporation. The reasonable and prudent person acts sensibly, does things without serious delay and takes proper precautions. The reasonable and prudent person conforms to the standards of behavior and responsibility among ordinary people in our society at the present time, he seldom allows his emotion to overbear his reason and his habits are moderate and equable.
WHAT DOES FIDUCIARY MEAN?
Board members owe a fiduciary duty to the association and owners within the association to act in good faith and in the best interest of the association, with candor, loyalty, and care.
WHAT IS THE DUTY OF LOYALTY AND CARE?
Board members also owe a duty of loyalty and care to the association and owners within the association. This duty requires the Board and individual Directors to act in the best interest of the association and not self-serving.
“After several months of looking for new management of our Condo Association and identifying some twenty companies, our committee decided to interview the top ten companies we had researched. We met with each respective representative in person, on our property. Condominium Associates surfaced as the top of our search. Now after several years of management with CA, we couldn’t be happier with our selection. The help and expertise that we have received from CA, has moved our Condo into a beautiful and well managed place to live. The Condominium Associates Team has become much more than just a management company; they are extended friends of our owners.”
George K. Collins President Bahia 4
“Over the past fifteen months, The Seven Springs Villas Association has had the services of a new property manager assigned to us by Condominium Associates. The members of the Board of Directors have been greatly pleased and impressed by the quality and quantity of work performed. The knowledge, skill and dedication to the position has been extra ordinary. In addition, the organizational abilities and work ethic have been outstanding. Also, the owners have been very pleased with how their problems and concerns have been addressed and solved in a timely manner. The amount of work accomplished has been very helpful in turning around a situation that needed immediate attention. The Vila owners and the staff are very satisfied with the progress that has been made over this period of time. It has been a wonderful working relationship.”
John C. Milnor President Seven Springs Villas