Florida Community Association Manager Practice Exam

Which document is necessary for the initial filing by Condos and HOAs?

1. Declaration of Condominium

2. Reserves Budget Plan

3. Rules and Regulations

4. Maintenance Reports

The correct answer is: Declaration of Condominium

The Declaration of Condominium is the foundational document required for the initial filing by condominiums and homeowners' associations (HOAs). This legal document outlines the rights and responsibilities of the unit owners, the management of the condominium, and the rules governing the community. It serves as a contract between the unit owners and the association, detailing aspects such as ownership structures, common elements, assessments, and voting rights. Filing this declaration is essential as it establishes the community's legal framework and creates the entity that will manage the property. In contrast, a Reserves Budget Plan is focused on financial planning for future repairs and replacements, while Rules and Regulations pertain to the policies that govern daily operations within the community. Maintenance Reports are typically internal documents that track the upkeep of the property but are not required for the initial filing. Thus, while all the other documents play important roles in the operation and management of a community, the Declaration of Condominium is specifically necessary to legally establish a condominium or HOA.