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Fund News

Alert! Premium Remittances & Year-End Closing

Dear Member,Can you believe it? Fall is here and year-end is just around the corner! We want to work with you to get your policies and premiums processed through the remaining months of 2021, but we need your assistance with Premium Remittances to The Fund.  With the significant increase in closing volume you are handling, the number of policies and premium checks out there have significantly increased.  Our Finance Customer Service Team is working as hard as they can to keep up with the incoming volume of remittances.  

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Who is Responsible for Construction Liens for Tenant Improvements?

Under Florida law, licensed contractors and other professionals who supply labor, services, or materials to improve real property are entitled to a lien against the property they improve. Generally, an owner understands that if they engage a contractor to improve their property, it could be subject to a lien if they fail to pay. This concept is not as straightforward when the owner leases the land to another who intends to construct improvements upon it. Is there potential for the tenant’s construction liens to attach to the real property? The answer is maybe. Read the article

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2021 Legislature Amends Florida’s Community Association Laws

Florida’s 2021 legislative session concluded on Apr. 30. Consistent with what the Legislature has done over a number of years, bills passed by both houses include some that make various alterations to existing laws governing community associations under Chs. 718, 719, and 720, F.S., as well as other statutes that tangentially relate to community associations. All bills described in this article have already been approved by Governor DeSantis and are now law. The article highlights new laws of potential interest to Fund Members. Read the article.

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