By Jan Bergemann

Published December 11, 2020


The Florida statutes regulating community associations are very detailed how reserves have to be handled. And there is absolutely no argument that reserves are very much needed.


Owners often seem to forget that well-funded reserve accounts actually increase their property values, because potential buyers of condos take a look at the reserve funds of the association they intend to buy into.


Many people, who initially strongly objected to the creation of reserve accounts many years ago, when town-hall meetings all over Florida dealt with this issue, quickly changed their mind -- especially condo owners in South Florida after Wilma hit with hurricane force and left “blue roofs” in its path. The special assessments that had to be levied in order to pay for the insurance deductibles for the roof-replacements caused lots of foreclosures due the fact that no roof reserves existed.


There are many good reasons why the reserve funds of the association should be well funded – not just because of the estimated life span of roofs, balconies, club houses, roads and pools etc. Many unforeseeable problems may occur, forcing the association to spent lots of money – money that has to be paid by special assessment if the reserve funds are non-existent or totally underfunded.


Don’t you think it’s easier to pay something like $30 more monthly on a regular basis, instead of receiving a letter that you have to pay $5,000.00 within 30 days?


Please think about it when the discussion regarding funding the reserves comes up in your community.

HTML Comment Box is loading comments...
Jan Bergemann Jan Bergemann is president of Cyber Citizens For Justice, Florida 's largest state-wide property owners' advocacy group. CCFJ works on legislation to help owners living in community  

associations. He moved to Florida in 1995 - hoping to retire. He moved into a HOA, where the developer cheated the homeowners and used the association dues for his own purposes. End of retirement!


CCFJ was born in the year 2000, when some owners met in Tallahassee - finding out that power is only in numbers. Bergemann was a member of Governor Jeb Bush's HOA Task force in 2003/2004.


The organization has two websites to inform interested Florida homeowners and condo owners:

News Website:

Educational Website:

We think that only owners can really represent owners, since all service providers surely have a different interest! We are trying to create owner-friendly laws, but the best laws are useless without enforcement. And enforcement is totally lacking in Florida !

Join the 

CCFJ Email List

For Email Marketing you can trust