Florida will require statewide recertification of condominiums over three stories tall under new legislation Gov. Ron DeSantis signed into law Thursday as a response to the Surfside building collapse that killed 98 people.
State Sens., from left, Gary Farmer, D-Lighthouse Point, Jason Pizzo, D-North Miami Beach and Lauren Book, D-Plantation confer during debate on Senate Bill CS/SB 2-D: Property Insurance in the Florida Senate Tuesday, May 24, 2022 at the Capitol in Tallahassee, Fla. – Florida will require statewide recertification of condominiums over three stories tall under new legislation Republican Gov.
There are more than 1.5 million condominium units in Florida operated by nearly 28,000 associations, according to a legislative analysis conducted earlier this year, Of those, more than 912,000 are older than 30 years and are the home to more than 2 million residents. He said that the state Department of Business and Professional Regulation doesn't have enough staff to handle condo regulation.
The bill would require that condominium associations have sufficient reserves to pay for major repairs and conduct a study of the reserves every decade. It would also require condominium associations to provide inspection reports to owners, and if structural repairs are needed, work must begin within a year of the report.
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