This bill amends Section 718.124 of the Florida Statutes, specifically addressing the statute of repose for actions taken by condominium associations. The legislation removes the statute of repose, which previously limited the time frame for certain legal actions. As a result, the statute of limitations for any legal actions that a condominium or cooperative association may pursue will not commence until a majority of the unit owners have elected the board of administration.

The bill is set to take effect on July 1, 2025, allowing condominium associations more flexibility in pursuing legal actions without the constraints of a statute of repose. This change aims to enhance the ability of these associations to address grievances and enforce their rights effectively.

Statutes affected:
H 6005 Filed: 718.124