Florida Condo Basics

Condo buyers may want to understand the basics of Florida condos. The list below shares condo aspects that might help potential Florida condo buyers and condo owners understand Florida condominiums. Some condo owners wish they had understood these terms before buying a condo. Click on a condo topic for more.

If you are a potential buyer of a Florida condo, you may benefit from also reading the Buying Tips page which also includes a condo buying checklist.

If you are a Florida condominium owner, you may benefit from also reading the Owner Tips page

• Assessments Condo Fees, Budgets, Costs, Expenses
• Associations "a required condition of unit ownership"
• Board Meetings Meeting minutes tell a story
• Board of Directors Can the association fill open seats?
• Common Elements Owned by all Members
• Florida Statute 718 Good to understand
• Governing DocumentsA "must-read"
• Limited Common Elements Parking spaces, storage lockers, etc.
• MembersOwners are Members
• Member Meetings Different than Board Meetings
• Owner RightsA "must-read"
• Property Manager Services to the Assocation
• ReservesDoes the association have enough?
• UnitsExclusively Owned