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.
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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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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.