This bill amends several sections of Florida Statutes related to timeshare management firms and community association management. Key changes include the requirement for timeshare management firms and their employees to act in good faith while discharging their duties, and it exempts them from liability for monetary damages under certain conditions. The bill also mandates that the board of administration of a timeshare condominium must meet at least once a year, with provisions for additional meetings as needed. Furthermore, it introduces new disclosure requirements for timeshare management firms regarding the provision of goods and services through related parties, ensuring transparency to owners associations.

Additionally, the bill revises existing provisions concerning conflicts of interest and the return of community association records after the termination of management contracts. It clarifies that certain sections do not apply to community association managers or firms managing timeshare plans governed by chapter 721. The bill also deletes previous requirements for managing entities to comply with specific community association management provisions, streamlining the regulatory framework for timeshare management. The effective date for these changes is set for July 1, 2025.

Statutes affected:
S 496 Filed: 468.4334
S 496 c1: 468.4334