Florida HOA rules and regulations are subject to the Homeowners’ Association Act. If you are familiar with the requirements of co-ops and condominiums, nothing in the requirements for the HOA annual meeting should surprise you, as the laws in place are similar.
Despite the similarities between requirements, it is still important to understand what is needed for HOA annual meetings as regulations make the occurrences of these meetings mandatory and clearly outlines how to conduct them.
Experts at Wise Property Management, one of the top Tampa HOA management companies, have outlined all Florida requirements for HOA annual meetings you need to ensure regulations are being met. Keep reading to learn what HOA annual meetings need to consist of and the best way to ensure all requirements are met every time.
An HOA annual meeting is a general meeting where everyone participating in the HOA membership can come together. This meeting addresses current issues, covers the annual budget, outlines major upcoming projects, and reports on initiatives throughout the prior year.
Additionally, the annual meeting is a time when board elections are held. Essentially, the annual meeting is where all business that needs to be conducted or information that needs to be shared with all members present can happen.
Given the importance of information covered, there are requirements to ensure everyone’s voice is heard, information is shared effectively, and voting can happen with the majority present.
According to the Homeowner’s Association Act, the following are the minimum requirements for the annual meeting:
*Note: Electronic voting is allowed as long as members consent before the meeting and all other requirements for annual meetings are met.
While checking off all the requirements for annual meetings is essential, using an HOA management company in Tampa ensures you meet requirements every time an annual meeting occurs and for the area your HOA is located.
Utilizing a local Tampa HOA management team, particularly a community manager, can take a lot of stress off planning for these annual meetings. They will be able to use their knowledge and experience to ensure each meeting held covers what is needed.
Additionally, ensuring property community managers are present for annual HOA meetings can provide valuable insights and communication between members before, during, and after the meeting.
Virtual attendance is allowed according to the Florida Not for Profit Corporation Act. While HOA acts do not allow for entirely virtual meetings, with prior approval, remote members can participate in voting.
If you and your HOA want to ensure annual meetings satisfy all requirements and quorums, be sure you consult Wise Property Management, one of the leading Tampa HOA management companies for the best practices.
Request a proposal today, or call us at (813) 968-5665 to learn more about our Tampa HOA management services.
