summary
Introduced
02/21/2025
02/21/2025
In Committee
04/23/2025
04/23/2025
Crossed Over
04/28/2025
04/28/2025
Passed
06/13/2025
06/13/2025
Dead
Signed/Enacted/Adopted
06/16/2025
06/16/2025
Introduced Session
2025 Regular Session
Bill Summary
An act relating to timeshare plan management; amending s. 468.4334, F.S.; conforming provisions to changes made by the act; amending s. 468.4335, F.S.; revising applicability for provisions governing conflicts of interest between community association managers or community association management firms and certain persons with a financial interest in such associations; amending s. 468.438, F.S.; providing construction; amending s. 721.13, F.S.; deleting a provision requiring managing entities that perform community association management to comply with certain provisions related to community association management firms; requiring timeshare management firms and individuals employed by timeshare management firms to discharge their duties in good faith; exempting such firms and individuals from liability for monetary damages; requiring the board of administration of a timeshare condominium to meet once per year; providing an exception; requiring disclosure of certain information annually to certain persons if a timeshare management firm or an owners' association provides goods and services through specified entities; specifying the manner in which such disclosure must be made; providing construction; reenacting s. 721.14(2), hb897 -01-erLegislature F.S., relating to discharge of a managing entity, to incorporate the amendment made to s. 721.13, F.S., in a reference thereto; providing an effective date.
AI Summary
This bill makes several modifications to Florida's laws regarding timeshare plan management and community association management. The bill requires timeshare management firms and their employees to discharge their duties in good faith and with the care of an ordinarily prudent person, while also providing them exemption from monetary damages under most circumstances. It mandates that the board of administration for a timeshare condominium must meet at least once per year and requires annual disclosure if a timeshare management firm or owners' association provides goods or services through related entities, with specific guidelines on how this disclosure can be made. The bill also adjusts provisions related to conflicts of interest for community association managers, particularly those managing timeshare plans, and modifies requirements for returning official records after terminating management contracts. Additionally, the bill stipulates that timeshare management firms and their licensed employees are governed by specific sections of Florida statutes related to management practices, and it provides a clear framework for how managers should handle owners' lists and communication materials. The changes aim to provide more transparency, accountability, and clear operational guidelines for timeshare management firms and community associations, with the bill set to take effect on July 1, 2025.
Committee Categories
Business and Industry, Housing and Urban Affairs, Justice
Sponsors (2)
Other Sponsors (1)
Housing, Agriculture & Tourism Subcommittee (H)
Last Action
Chapter No. 2025-142 (on 06/16/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
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