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Bill > H1249


FL H1249

FL H1249
Condominiums Within a Portion of a Building or Within a Multiple Parcel Building


summary

Introduced
01/04/2024
In Committee
01/13/2024
Crossed Over
Passed
Dead
03/08/2024

Introduced Session

2024 Regular Session

Bill Summary

An act relating to condominiums within a portion of a building or within a multiple parcel building; amending s. 718.103, F.S.; revising the definition of "condominium property"; amending s. 718.202, F.S.; conforming provisions to changes made by the act; creating s. 718.407, F.S.; providing that a condominium may be created within a portion of a building or within a multiple parcel building; providing for the common elements of such condominium; providing requirements for the declaration of condominium and other recorded instruments; authorizing an association to inspect and copy certain books and records and to receive an annual budget; requiring a specified statement be included in a contract for sale of a unit of the condominium; requiring a seller of a unit of the condominium to provide a specified disclosure summary to a purchaser; providing that a multiple parcel building is not a subdivision of land if the land is not subdivided; amending s. 718.503, F.S.; requiring certain persons to provide specified disclosures to purchasers under certain circumstances; providing construction; providing an effective date.

AI Summary

This bill allows for the creation of condominiums within a portion of a building or within a multiple parcel building. The key provisions include: defining the common elements of such condominiums, specifying requirements for the declaration of condominium and other recorded instruments, authorizing associations to inspect and copy certain records and receive an annual budget, requiring specific disclosures in contracts for unit sales and from sellers to purchasers, and clarifying that the creation of a multiple parcel building is not a subdivision of land. The amendments to the existing law are intended to clarify existing law and apply retroactively, with some exceptions.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Died in Regulatory Reform & Economic Development Subcommittee (on 03/08/2024)

bill text


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