Bill > H1415

This bill modifies Florida's laws regarding structural integrity reserve studies for condominium and cooperative associations, primarily raising the threshold for mandatory studies from buildings three stories tall to those six stories or higher. Specifically, the bill requires condominium and cooperative associations governing buildings six stories or higher to conduct a comprehensive structural integrity reserve study every 10 years, which must include detailed assessments of key building components like the roof, structure, fireproofing, plumbing, electrical systems, waterproofing, windows, and doors. For buildings five stories or fewer, associations can now elect by majority vote to waive or reduce reserve contributions. The study must be performed through a visual inspection by a licensed engineer, architect, or certified reserve specialist, and must provide estimated remaining useful life and replacement costs for each inspected component. Associations must distribute the study to unit owners within 45 days of completion and report to the state division of condominiums. The bill extends the deadline for existing associations to complete these studies to December 31, 2024, with a final cutoff date of December 31, 2026, and places additional reporting requirements on associations regarding their buildings' characteristics. The changes aim to improve building maintenance, safety, and financial planning for multi-story residential associations.

Housing and Urban Affairs

https://www.flsenate.gov/Session/Bill/2025/1415