The bill amends Section 718.124 of the Florida Statutes, specifically addressing the statute of repose for actions taken by condominium associations. It removes the statute of repose, which previously applied to certain actions, thereby allowing condominium associations to initiate legal actions without the constraints of this time limitation. The statute of limitations will still apply, but the removal of the statute of repose means that the time frame for filing actions will not begin until a majority of the unit owners have elected the board of administration.

The effective date for this change is set for July 1, 2025. This legislative change aims to provide condominium associations with greater flexibility and access to legal recourse, ensuring that they can address issues that may arise without being hindered by the previously established time limits.

Statutes affected:
H 6005 Filed: 718.124