Division of Florida Condominiums, Timeshares, and Mobile Homes
Frequently Asked Questions - Managing Entity Related Issues
1. What is the difference between the timeshare developer and the association?
The developer is the person or entity that creates the timeshare plan and sells the timeshare interests to purchasers. The association is the managing entity made up of owners and their elected board of administration. The association is responsible for operation of the timeshare accommodations and facilities.
Cite: Sections 721.05(10) and (27), F.S.
2. What are some of the responsibilities of the managing entity?
The managing entity is responsible for management and maintenance of all accommodations and facilities making up the timeshare plan; collection of assessments; providing the annual budget to purchasers; maintenance of all books and records concerning the timeshare plan; arranging for an annual audit of the financial statements of the timeshare plan; and making the books and records available to the Division of Condominiums, Timeshares, and Mobile Homes for inspection. (See section 721.13, Florida Statutes, for additional information.)
Cite: Sections 721.13(3)(a) – (j), F.S.
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