The bill CS/CS/HB 913 amends Florida laws governing condominium and cooperative associations, introducing stricter regulations aimed at enhancing transparency, accountability, and financial management. Key provisions include the requirement for community association managers to maintain an online account with the Department of Business and Professional Regulation, disclose their employment status, and adhere to professional standards. The bill also mandates that associations conduct structural integrity reserve studies for buildings three habitable stories or higher every ten years, with specific guidelines for the studies and penalties for non-compliance. Additionally, it allows for electronic voting and meetings, streamlining communication and decision-making processes within associations.
Further amendments focus on the rights of unit owners, including the right to access official records without providing a reason and the establishment of penalties for board members or managers who willfully violate these provisions. The bill requires that contracts for the sale of residential units include disclosures regarding milestone inspections and structural integrity reserve studies, with specific timelines for providing these documents to buyers. Overall, the legislation aims to improve the governance of condominium and cooperative associations, ensuring that unit owners are well-informed and that associations operate with greater transparency and accountability.
Statutes affected: H 913 Filed: 627.351, 718.116, 718.203, 718.301, 718.407
H 913 c1: 627.351, 718.116, 718.203, 718.301, 718.407
H 913 c2: 718.103, 718.116, 718.203, 718.301, 718.407, 914.21
H 913 e1: 468.4335, 718.1265, 718.203, 718.301, 718.302, 718.407, 719.128, 719.501, 914.21
H 913 er: 468.4335, 718.1265, 718.203, 718.301, 718.302, 718.407, 719.128, 719.501, 914.21