The state law, passed in 2022, requires associations to have sufficient reserves to cover major repairs. Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022.It requires associations to have sufficient reserves to cover major repairs and to conduct a survey of reserves every decade.
Florida Condo Owners Will See Higher Costs In 2025 Due To This Law
Associated Press, Fast Company
Fri, 12/27/2024 - 4:32pm
Topics: ron desantis june dec 31.the florida s florida office insurance regulation national association realtors hallandale beach kelli roiter rick madan biscayne neighborhoods association legislature democratic state sen jason pizzo sen jennifer bradley republican december the associated press luis konski department business professional regulation konski rebeca castellon coral gables gatien salaun miami beach florida i south florida champlain towers south surfside florida roiter madan pizzo konski miami castellon castellon salaun law condo owners reserves fees average property buyers older future structural years save report condos people collapse money reserve agrees transparency cover pay reports payments fund passed largely major rules safe sellers estate agent owns assessments
BING NEWS:
- Condo owners face higher costs as new regulations take effect
Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022.
12/27/2024 - 3:00 pm | View Link - Florida condo owners look at higher costs as new regulations take effect in the new year
Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022.
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A $21 million special assessment fee has outraged residents of two 16-year-old buildings at 1060 Brickell in Miami, Florida, with some unit owners facing individual bills exceeding $40,000. "I think ...
12/25/2024 - 10:51 pm | View Link - Florida’s Condo Crisis: Can Condo Owners Recover?
Florida's condo market has been rocked after new condo laws were enforced this year. Florida lawmakers enacted legislation following the catastrophic collapse of the Champlain Towers ...
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