House Bill 913 proposes significant amendments to Florida's condominium laws, focusing on enhancing the governance, financial management, and operational efficiency of condominium associations. Key provisions include the requirement for associations to maintain adequate property insurance based on independent appraisals, conduct structural integrity reserve studies every ten years, and provide timely financial reports to unit owners. The bill also allows associations to levy special assessments and obtain loans for necessary repairs without prior membership approval, streamlining processes to address health and safety concerns. Additionally, it introduces stricter penalties for board members who violate record-keeping regulations and clarifies the rights of unit owners regarding record access and transparency in board meetings.

The bill further modifies the processes surrounding board member recalls, special assessments, and the termination of condominium ownership, ensuring that unit owners are fairly compensated and that procedural integrity is maintained. It also enhances transparency in the sale of residential units by requiring disclosures related to inspections and studies, while allowing for electronic voting if unit owners consent. Notably, the bill removes the previous requirement that a termination plan could not proceed if 5 percent or more of voting interests rejected it, instead stipulating that such a plan cannot proceed if rejected by that threshold. Overall, HB 913 aims to protect the rights of unit owners while improving the accountability and efficiency of condominium associations, with an effective date set for July 1, 2025.

Statutes affected:
H 913 Filed: 627.351, 718.116, 718.203, 718.301, 718.407