Question:
can the wife of the president of an HOA open a company (parking enforcement) and it not be disclosed. Is this a conflict? any statute on this
– Sandra
Answer:
Hi Sandra,
Florida law requires HOA board members to avoid conflicts of interest under Florida Statutes Section 720.3033. A conflict exists if a board member or a close relative has a financial interest in a company doing business with the HOA. The statute mandates disclosure of such relationships and board approval through a recorded vote. Additionally, written notice must be provided to homeowners.
If the HOA president’s wife owns a parking enforcement company that operates within the association without disclosure, this could violate Florida’s conflict of interest laws. Even if she is not directly employed by the HOA, her relationship with the president raises ethical concerns. Lack of transparency may also breach fiduciary duties, which require board members to act in the best interest of the community.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
