Condo Control
FEBRUARY 5, 2025
Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.
Condo Control
NOVEMBER 21, 2024
Amendments were made in 2024, requiring condominiums with 25 or more units to have a website. HB 1203 makes it clear that HOAs need a website, just like condominium communities. Mandatory reserve fund requirements This news should not come as a surprise to any Florida condominium community. Recent U.S.
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HOA Managememt
SEPTEMBER 12, 2024
These bills affect both homeowners associations and condominium associations. They must also complete a state-approved condominium education course. HB 1029 For Condominium Associations Effective July 1, 2024, HB 1029 introduces the My Safe Florida Condominium Pilot Program. This certification is valid for four years.
HOA Managememt
OCTOBER 28, 2024
HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. The condominium disclosure statement must also include the most recent reserve study, as per Section 81-409. There are 13 states that require a reserve study or a reserve schedule for condo associations.
Condo Control
NOVEMBER 11, 2024
Motivated by the Surfside condo collapse, lawmakers don’t ever want to see another community in the same position as the Miami condominium ended up in. Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.
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