COMPLIANCE OBLIGATION
Annual budget meeting notice
- Statute
- §718.112(2)(e)
- Notice
- ≥ 14 days prior
- Send by
- Sep 30, 2026
Overdue by 4 days
On this page (0 sections)
§718.501 · Florida Statutes
Florida §718.501 — DBPR Division of Condominiums
Section 718.501 gives the DBPR Division of Florida Condominiums teeth — investigation, subpoenas, civil penalties to $5,000, board removal, and the annual filing every condo must file by March 1.
Last reviewed 2026-05-13 · Read on flsenate.gov ↗
What the statute requires
Obligations
Comply with Division jurisdiction over financial reporting, assessments, reserves, elections, recalls, record access, meeting procedures, conflict disclosures, director removal, and structural reserve studies after turnover.
§718.501(1)
Cooperate with Division investigations, including sworn statements, subpoenas, and production of relevant matter; comply with circuit-court orders compelling compliance.
§718.501(2)
File the annual report and pay $4 per unit by March 1; a 10% penalty applies to late filings.
§718.501(5) · by March 1
Certify completion of board-member education each year as part of the annual filing.
§718.501(5)
Report buildings three or more stories high — initial filings were due January 1, 2023; updates are filed within 6 months of changes.
§718.501(5)
Consequences of non-compliance
Penalties
The Division may issue cease-and-desist orders (emergency orders valid 90 days) and impose civil penalties up to $5,000 per violation plus restitution and interest.
§718.501(3)
The Division may petition for receiver appointment, seek injunctive and declaratory relief, and remove board members or officers.
§718.501(3)
Late annual filings draw a 10% penalty on top of the assessment.
§718.501(5)
We are not your lawyer. Nothing on this page is legal advice.
See how HOA Rocket tracks these obligations for your board.
A twenty-minute product walkthrough — real product, your unit count. We will show you the statute obligations your association is on the hook for in 2026 and 2027.