Florida S0822 mandates community associations with annual revenues over $500,000 to contract with licensed management firms.

Florida S0822 amends state statutes to require community associations with total annual revenues exceeding $500,000 to contract with a community association management firm. These firms must hold all applicable licenses as specified in part VIII of chapter 468. The bill also mandates that board members and officers of such associations ensure the management firms are properly licensed before entering into contracts. The provisions aim to ensure professional management and compliance with licensing requirements for larger community associations.

Florida S0822 mandates community associations with annual revenues over $500,000 to contract with licensed management firms.

Florida S0822 amends state statutes to require community associations with total annual revenues exceeding $500,000 to contract with a community association management firm. These firms must hold all applicable licenses as specified in part VIII of chapter 468. The bill also mandates that board members and officers of such associations ensure the management firms are properly licensed before entering into contracts. The provisions aim to ensure professional management and compliance with licensing requirements for larger community associations.