FL S1272

Extends the liability period for unpaid assessments from 6 months to 12 months for first mortgagees or their successors who acquire condominium units through foreclosure or recorded deed in lieu of foreclosure

Narrows the definition of "successor or assignee" to include only those who acquire the first mortgage before any foreclosure action is filed

Requires first mortgagees who initiate foreclosure to exercise property preservation rights under their mortgage; if they fail to do so, the association may maintain the unit and assess those costs against the property

Makes first mortgagees liable for special assessments levied during foreclosure proceedings that cover damage repairs to common elements, roofs, structural components, and building systems caused by windstorms, fires, or other casualties

Authorizes condominium associations to bring foreclosure actions for assessment liens or pursue monetary judgments for unpaid assessments, with the ability to recover reasonable attorney's fees