Florida Community Association Manager Practice Exam

A special meeting of the HOA must be called by the board or by at least what percentage of the total voting interest (TVI)?

1. 5%

2. 10%

3. 15%

4. 20%

The correct answer is: 10%

In the context of Florida's HOA (Homeowners Association) regulations, a special meeting must indeed be called by the board of directors or by a specific percentage of the total voting interest (TVI). In Florida, the law stipulates that a special meeting can be initiated by at least 10% of the total voting interests. This requirement ensures that a fair proportion of homeowners can demand a meeting if they feel it is necessary to address urgent matters or concerns within the association. This 10% threshold serves to balance the need for organized governance with a democratic approach, allowing homeowners to have a voice and participate actively in the management of their community's affairs. It fosters an environment where members can collectively express their views on important issues that may arise between regular meetings. Other percentages such as 5%, 15%, and 20% do not align with the statutory requirements set forth in Florida's regulations, making them incorrect options for this question.