61B-22.004 — Guarantees of Common Expenses Under Section 718.116(9)(a)2., Florida Statutes

Rule 61B-22.004 establishes regulatory requirements for guarantees of common expenses in condominium associations under Section 718.116(9)(a)2., Florida Statutes.

The rule implements statutory authority governing how condominium associations may guarantee or secure common expenses. The rule sets out the conditions and procedures by which guarantees of common expenses may be offered or enforced under the cited statute.

Condominium associations subject to Chapter 718, Florida Statutes.

Effective June 24, 2004.