HOA & condo accounting in Delray Beach, FL.
Delray Beach has more than 250 registered HOA and condo associations, and condominiums — including a number of large age-restricted communities — make up roughly six in ten of them. It’s a mixed market: boutique buildings near Atlantic Avenue and the beach, larger condo communities further inland, and single-family HOA neighborhoods throughout.
Most Delray Beach associations are condominiums — the accounting has to reflect that.
When condominiums make up most of the local market, reserve funding and financial reporting requirements under Florida’s condominium statute come up constantly — not as an edge case, but as the default. Whether it’s a walkable downtown building or a larger age-restricted community west of I-95, the reserve schedule and reporting format need to match what the building and its board actually require.
Condominium reserve accounting
Structural and life-safety reserve components tracked to the Florida statutory standard, not folded into a single generic reserve line.
HOA neighborhoods
The same disciplined monthly close and assessment tracking, sized to a single-family HOA rather than a high-rise condominium.
Delray Beach FAQs
Does Academy Accounting work with condominiums in Delray Beach?
Yes — condominiums make up most of the Delray Beach associations we work with, including large age-restricted communities, alongside single-family HOA neighborhoods.
Do Delray Beach condos need to worry about Florida’s SIRS reserve rule?
If the building is three stories or more, very likely yes. We cover what the rule actually requires in this post.
What’s the difference between HOA and condo accounting in Florida?
Condominiums are governed by Chapter 718 and HOAs by Chapter 720 — the financial reporting and reserve funding rules differ between the two. See our Resources page for the breakdown.