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Condo reform bill passes Florida Legislature. Why lawmakers think this will ease cost burdens
Read full article: Condo reform bill passes Florida Legislature. Why lawmakers think this will ease cost burdensThe final proposal blends key elements from both the Senate and House bills, aiming to balance safety requirements with financial flexibility for condo associations. The law will allow associations to invest their reserve funds, without a vote of unit owners, and also makes online voting possible for associations.
Florida House bill would block Citizens from insuring condos if condo groups don’t get milestone inspections done
Read full article: Florida House bill would block Citizens from insuring condos if condo groups don’t get milestone inspections doneA House panel on Tuesday unanimously signed off on a proposal that would make further changes to condominium safety laws requiring inspections of older buildings and adequate reserves for repairs.