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.

The bill also revises the applicability of conflict of interest provisions, clarifying that they do not apply to community association managers or firms managing timeshare plans governed by chapter 721, provided they disclose relevant information as required. Furthermore, it establishes new disclosure requirements for timeshare management firms regarding the provision of goods and services through related entities, specifying how this information must be communicated to owners. The effective date for these changes is set for July 1, 2025.

Statutes affected:
H 897 Filed: 468.4334
H 897 c1: 468.4334