Florida Community Association Manager Practice Exam

True or False: The declaration is composed solely of financial obligations.

1. True

2. False

3. Only for certain communities

4. It varies depending on the bylaws

The correct answer is: False

The declaration is a foundational document for community associations and is not limited to just financial obligations. It typically includes a wide variety of provisions that govern the operations and rules of the association. This can encompass details such as the rights and responsibilities of the unit owners, the use of common elements, rules regarding maintenance, architectural guidelines, and voting procedures, in addition to financial obligations like assessments and dues. While financial obligations are certainly a component of the declaration, they represent just one facet of the comprehensive framework needed for the governance of a community association. A declaration serves as a legal instrument that outlines the overall structure and rules that affect all members of the community, making it critical that it covers various aspects beyond financial matters.