This bill amends Section 718.124 of the Florida Statutes, which pertains to the limitations on actions by condominium associations. The key change is the deletion of the phrase "and statute of repose," which clarifies that the statute of limitations for any legal actions by a condominium or cooperative association will not commence until a majority of the unit owners have elected the members of the board of administration.

The bill is set to take effect on July 1, 2025, establishing a clearer timeline for when condominium associations can initiate legal actions, thereby ensuring that unit owners have a say in the governance of their associations before any legal proceedings can begin.

Statutes affected:
S 586 Filed: 718.124