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February 26, 2023 12:49 PM
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Lawmakers Rethink Condo Safety Requirements

Lawmakers Rethink Condo Safety Requirements | Best Florida Real Estate Scoops | Scoop.it
Fla. lawmakers passed a bill last year that tightened condo safety requirements, and they’re now considering a slightly lower bar for some of the toughest new rules.
Best Blog Scoops's insight:

A key issue in last year’s law (SB 4-D) dealt with condominium associations having adequate financial reserves to make needed repairs to buildings. In part, the law required what are known as “structural integrity reserve” studies to help determine how much money needs to be set aside.

Best Blog Scoops's curator insight, March 29, 2023 9:16 AM

A key issue in last year’s law (SB 4-D) dealt with condominium associations having adequate financial reserves to make needed repairs to buildings. In part, the law required what are known as “structural integrity reserve” studies to help determine how much money needs to be set aside.

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