Are HOA and condo budget rules the same in Florida?
Use the free tool — HOA Budget Reader
Short answer: no, they are not the same
Florida homeowners' associations (HOAs) and condominiums are governed by different chapters of state law. HOAs fall under Chapter 720. Condominiums fall under Chapter 718. This guide, and the tool behind it, is built around Chapter 720.
If you live in a condominium, a cooperative, a timeshare, or a mobile home park, Chapter 720 is not your statute. Do not rely on the answers here for those situations — the budget and reserve rules are not the same.
What Chapter 720 covers for an HOA budget
- Fla. Stat. 720.303 covers the association's budgets, financial reporting, and official records — including the members' right to inspect the records behind the numbers.
- Fla. Stat. 720.3086 is the association's financial report requirement — what the association has to produce each year.
Your right to see the records behind a budget line
If a line in the proposed budget looks large or unexplained, you can ask to see what's behind it. Under Fla. Stat. 720.303, the association has 10 business days to make official records available after a written request.
What this guide cannot tell you
How your community is required to fund reserves — and how much — depends on your own declaration and bylaws. Nothing here can read those documents for you. Ask the board for a copy of your governing documents, or check your own copy, before you assume a rule applies.
This tool explains what's on the page in plain language. It is not an audit, and it cannot tell you whether money was misspent. It is not financial or legal advice.
If you're dealing with a violation notice, this is the wrong tool
If you have a fine or a violation letter instead of a budget, this page and the tool behind it are not built for that. Use the HOA violation responder tool instead — the relevant rules and questions are different.
What to do next
Paste your proposed budget or reserve schedule into the free tool. It reads your own numbers and explains, line by line, where the money goes, what the reserves are for, and what questions are worth asking before the vote. For anything contested, talk to a Florida community association attorney.
HOA Budget Reader reads what you type and explains Florida Chapter 720 in plain language. It can be wrong, it is not legal advice, and it is not a substitute for reading your community's own declaration and bylaws, and it is not an audit — it cannot detect misuse of funds. For anything contested, talk to a Florida community association attorney.