Property Ownership
What is a 'condominium association' in Florida responsible for under Chapter 718 F.S.?
AManaging only the interior of individual units
BManaging the common elements and enforcing the declaration's rules and restrictions✓ Correct
CSetting property tax rates for unit owners
DApproving all mortgage applications for units in the community
Explanation
Under Florida's Condominium Act (Chapter 718 F.S.), the condominium association manages and maintains the common elements (lobbies, pools, roofs, etc.) and enforces the Declaration of Condominium, bylaws, and rules and regulations.
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