- No one wishes to serve on the board or a board refuses to fill vacancies sufficient to constitute a quorum;
- The board is unwilling or unable to act in the aftermath of a natural disaster or just as a result of dysfunction and the community's assets are being wasted as a result;
- The association is being dissolved;
- There are a number of abandoned units that the association wishes to rent out; and
- Prior to the change in Florida law allowing associations to demand rents from tenants in delinquent properties, receivers were usually sought to fill this function.
Receivers are entitled to fees subject to the court's approval. Unless the Order appointing the receiver contains an automatic removal provision (i.e. upon dissolution of the association, election of a new board or other triggering event) the receiver will remain in place until someone moves the court to terminate the receivership.
Receivers have helped return many communities to health but, as is often the case in life, there are also examples where receivers have done damage. The last few years saw several receivers going to jail and others embroiled in litigation over excessive fees, questionable judgement calls and failure to relinquish control.