The bill CS/CS/HB 913 introduces significant amendments to Florida's condominium laws, focusing on enhancing structural integrity, financial management, and governance within condominium associations. A key provision requires local governments to verify the completion of structural integrity reserve studies and milestone inspections for buildings three stories or taller by October 1, 2025, and report findings to the Florida Division of Condominiums by December 31, 2025. The bill also modifies existing statutes to improve financial accountability, allowing associations to levy special assessments without membership approval for certain maintenance needs and mandating the maintenance of recent financial statements. Additionally, it establishes new procedures for the recall of board members and emphasizes the importance of maintaining accurate records and insurance coverage.

Further, the bill enhances transparency and communication by requiring associations to provide timely notices of meetings and elections, including the use of electronic voting. It also increases the threshold for deferred maintenance expenses that necessitate reserve accounts from $10,000 to $25,000 and mandates that associations conduct structural integrity reserve studies every ten years. The bill clarifies the process for terminating a condominium and introduces penalties for non-compliance with record-keeping requirements. Overall, the bill aims to improve the safety, governance, and financial management of condominium associations in Florida, with a focus on protecting the rights and interests of unit owners.

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