Bill > S0690

This bill amends Florida's laws regarding structural inspections for condominiums by introducing new requirements for structural integrity reserve studies based on a building's height. Specifically, condominium associations governing buildings six stories or more must now conduct a comprehensive structural integrity reserve study to estimate future maintenance, repair, and replacement costs for common elements and ensure adequate funding. In contrast, condominium associations managing buildings five stories or less are not required to conduct such studies and may, through a majority vote of unit owners, choose to waive or reduce reserve contributions. The bill defines "structural integrity reserve study" by referencing existing statutory language and mandates that any such study comply with established standards. The changes aim to enhance building safety and financial planning for condominium associations by requiring more rigorous structural assessments for taller buildings, which potentially have more complex maintenance needs. The provisions will take effect on July 1, 2025, giving condominium associations time to prepare for the new requirements.

https://www.flsenate.gov/Session/Bill/2025/690