Florida Community Association Manager Practice Exam

True or False: The rules for the distribution of condominium or association property are governed by a specific statute.

1. True

2. False

3. Only if specified in the bylaws

4. Depends on the type of property

The correct answer is: True

The statement is true because the distribution of condominium or association property is indeed governed by specific statutes found within Florida law. Specifically, the Florida Condominium Act (Chapter 718 of the Florida Statutes) provides the legal framework that dictates how properties, including those within condominiums and other types of community associations, should be managed and distributed. This ensures there is a standardized set of rules that apply across different associations, contributing to the orderly operation of these communities. In addition to the state statutes, the governing documents of the association, such as bylaws and covenants, may further clarify or detail the rules for property distribution. However, the foundational legal authority comes from the specific statutes that provide overarching regulations. This statutory framework is critical for maintaining fairness and consistency in property management and distribution, thereby protecting the interests of all members within the community association.