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 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 timeline 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. This change aims to enhance the ability of these associations to address grievances and enforce their rights without the pressure of a time limit that previously existed under the statute of repose.

Statutes affected:
H 6005 Filed: 718.124