TURNOVER REPORT
As part of the transfer of association control for condominiums in Florida, a turnover report must be included in the official records. A turnover report identifies and attests to the required maintenance, useful life, and replacement costs of thirteen applicable common elements. The report is based on an inspection of these common elements and under seal of an architect or engineer authorized to practice in Florida.
SECTION 1
General Information
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Letter of Introduction
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Report Process
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Florida Statutory Requirements
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National Flood Insurance Program
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Standard Flood Insurance Program
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Report Definitions
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Terms and Conditions
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Company Information
SECTION 2
Component Schedule
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Component Table by Category
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Component Description and Location
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Quantity
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Current Cost
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Useful Life
SECTION 3
Maintenance
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Required Maintenance Information
SECTION 4
Photographs
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Property and component photographs
REPORT SECTIONS
WHAT WE OFFER
A turnover report prepared by Dreux Isaac & Associates will meet all Statutory compliance requirements under Section 718.301(4)(p), Florida Statutes. While similar to a reserve study, the turnover report has some key differences which must be provided.
It will provide the developer with a detailed schedule of all the required common elements along with their respective costs, lives and maintenance information.
“
The Board asked that I extend its' appreciation and compliments for a well-prepared, comprehensive, and easy-to-follow Reserve Study that will prove invaluable in our future financial planning.
-JoAnne Shott, Property Manager
TURNOVER REPORT
As part of the transfer of association control for condominiums in Florida, a turnover report must be included in the official records. A turnover report identifies and attests to the required maintenance, useful life, and replacement costs of thirteen applicable common elements. The report is based on an inspection of these common elements and under seal of an architect or engineer authorized to practice in Florida.
REPORT SECTIONS
Section 1
General Information
-
Letter of Introduction
-
Report Process
-
Florida Statutory Requirements
-
National Flood Insurance Program
-
Standard Flood Insurance Program
-
Report Definitions
-
Terms and Conditions
-
Company Information
Section 2
Component Schedule
-
Component Table by Category
-
Component Description and Location
-
Quantity
-
Current Cost
-
Useful Life
Section 3
Maintenance
-
Required Maintenance Information
Section 4
Photographs
-
Property and component photographs