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The board must reach a quorum in order to do business (FL)

Q: There are usually eight members on the board of directors of the community. Due to vacancies, the board has been reduced to three. Two of those board members voted to hire a management company at a cost of $ 150,000. Do they have the authority to make this change without the full consent of the community?    Read the Q&A………………………..

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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