The bill amends several sections of Florida Statutes related to community association management, specifically targeting the requirements for associations with significant annual revenues. It mandates that any community association with total annual revenues of $500,000 or more must contract with a licensed community association management firm. The bill emphasizes that both board members and officers of the association have a duty to ensure that the management firm or community association manager is properly licensed before entering into a contract. This requirement is included in amendments to sections 718.111, 718.405, 719.106, and 720.303 of the Florida Statutes.

Additionally, the bill introduces new provisions that reinforce the licensing requirements for community association management firms and the responsibilities of association board members. It specifies that the management firm must possess all applicable licenses as required by part VIII of chapter 468. The effective date for the implementation of this act is set for January 1, 2027. Overall, the bill aims to enhance the governance and management of community associations by ensuring that they engage qualified management firms.

Statutes affected:
H 465 Filed: 718.111, 719.106, 720.303