The bill amends various sections of Florida Statutes related to community association management, primarily focusing on licensing and insurance requirements for community association managers and management firms. It mandates that these managers and firms must obtain a minimum of $1 million in errors and omissions insurance separate from any insurance provided by the associations they serve. Additionally, the bill stipulates that community association managers can have their licenses revoked under specific circumstances, particularly if they are convicted of serious felonies, and they will be permanently barred from future licensure in such cases.

Furthermore, the bill requires certain community associations, specifically those with annual revenues of $750,000 or more, to contract with licensed community association management firms. It emphasizes the responsibility of association board members and officers to ensure that any contracted management firm or manager is properly licensed. The bill also clarifies the licensing and disciplinary requirements for timeshare management firms and their employees, stating that they are primarily governed by the provisions of this chapter unless explicitly stated otherwise. The act is set to take effect on January 1, 2027.

Statutes affected:
H 465 Filed: 718.111, 719.106, 720.303
H 465 c1: 718.111, 719.106, 720.303, 721.03, 721.13