The bill amends several sections of Florida Statutes related to timeshare plan management, specifically addressing the responsibilities and liabilities of community association managers and management firms. Key changes include the requirement for timeshare management firms and their employees to act in good faith while discharging their duties, and they are exempt from liability for monetary damages unless certain conditions are met. Additionally, the bill mandates that the board of administration of a timeshare condominium must meet at least once a year, with provisions for additional meetings as needed.

Significant deletions from current law include the removal of a requirement for managing entities performing community association management to comply with certain provisions related to community association management firms. The bill also clarifies that specific provisions regarding conflicts of interest do not apply to community association managers or firms managing timeshare plans governed by chapter 721. Furthermore, it introduces new requirements for the disclosure of arrangements between timeshare management firms and affiliated entities, ensuring transparency in the budgeting process for owners' associations. The act is set to take effect on July 1, 2025.

Statutes affected:
H 897 Filed: 468.4334