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 applied to certain actions, thereby allowing condominium and cooperative associations to initiate legal actions without the limitations imposed by this statute. 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 unit owners have elected the board of administration.

The bill is set to take effect on July 1, 2025, providing condominium associations with greater flexibility in pursuing legal actions. By eliminating the statute of repose, the bill aims to enhance the ability of these associations to address grievances and enforce their rights in a timely manner.

Statutes affected:
H 6005 Filed: 718.124