Florida Community Association Manager Practice Exam

When does the warranty for non-unit improvements commence under the Condo and Coop Acts?

1. Upon the sale of the property

2. Upon the completion of the improvements

3. Upon the transition meeting

4. Upon the receipt of the audit

The correct answer is: Upon the completion of the improvements

The warranty for non-unit improvements under the Condo and Coop Acts starts upon the completion of those improvements. This is significant because it establishes a clear timeline for when the warranty coverage begins, providing protection for the condominium association or cooperative against defects or issues that may arise due to those improvements. Understanding that the warranty commencement relates specifically to the finalization of the construction or enhancement work allows associations to assess liability and ensure any necessary repairs or claims can be addressed within the warranty period. The emphasis on completion rather than other events, such as the sale of the property or the transition meeting, clarifies that the warranty specifically pertains to the work performed and not contingent upon other transactions or meetings that may occur afterward.