The bill amends the Condominium Act of 1978, specifically section 67, to clarify the procedures and requirements for changes in condominium projects. It stipulates that any change must be reflected in an amendment to the condominium documents and that a replat must be prepared and recorded if there are changes to the boundaries of condominium units or if units are added or eliminated. The bill also establishes that developers have a 10-year period to withdraw undeveloped land or convert undeveloped units to "must be built" status without needing consent from co-owners or other interested parties. If the developer does not act within this timeframe, the association of co-owners can declare the undeveloped land must remain part of the project and revert to general common elements.

Additionally, the bill outlines the process for the association of co-owners to notify the developer of such declarations and the subsequent actions that can be taken if the developer does not respond within 60 days. It clarifies that the reversion of undeveloped land is not effective unless specific election, notice, and recording requirements are met. The definition of "undeveloped land" is also provided, specifying that it refers to land with recorded condominium units that have not been designated as "must be built" or had construction commenced. The bill includes various insertions and deletions to refine the language and ensure clarity in the legal text.

Statutes affected:
Substitute (S-1): 559.167
Senate Introduced Bill: 559.167
As Passed by the Senate: 559.167