Florida Condo Laws – Key Changes (2024–2025)

1) Mandatory Structural Inspections (BIGGEST CHANGE)

  • Applies to buildings 3+ stories
  • Called “Milestone Inspections”
  • First inspection:
    • At 30 years old (or earlier near coast)
  • Then every 10 years after

2) Mandatory Reserve Funding (No More Waiving)

  • Associations must now:
    • Conduct a Structural Integrity Reserve Study (SIRS)
    • Fully fund reserves for major repairs (roof, structure, plumbing, etc.)
  • No more voting to waive reserves for these items

3) New Deadlines & Some Flexibility (2025 Update – HB 913)

  • SIRS deadline extended to Dec 31, 2025
  • Associations can:
    • Temporarily pause reserve contributions (up to 2 years) after inspection
    • Use loans or credit lines to fund repairs

4) More Transparency & Owner Rights

  • Stronger rules on:
    • Financial reporting
    • Record access
    • Board accountability
  • Condo associations must provide:
    • Budgets
    • Financial statements to buyers/sellers

  • Condo associations must maintain a website/app with records
  • Threshold lowered

    • 6) Board Member Rules Tightened

    • Mandatory education for board members
    • Annual continuing education required
    • Term limits:
      • Max 8 consecutive years unless owners approve

    7) Stronger Government Oversight

    • State regulators now enforce:
      • Reserve compliance
      • Education requirements
      • Financial rules

    8) Changes That Affect Sales

    • Buyer rescission period:
      • Increased from 3 days → 7 days
    • Sellers must provide:
      • Financials
      • Condo documents

    Bottom Line

    These laws are about SAFETY + TRANSPARENCY, but they’ve created:

    Pros

    • Safer buildings , Better financial discipline, More protection for buyers

    Cons

    • Higher HOA fees, Expensive assessments, Pressure on older condo values