SB 880 - Condominium Associations Summary

• Requires condominium and cooperative associations to include all unit owners in tax suits filed by property appraisers, and mandates associations provide unit owners notice of complaints with options to retain separate counsel, choose not to defend, or be represented by the association.

• Establishes criminal penalties (felony of the third degree) for officers, directors, or managers who solicit or accept kickbacks or things of value from vendors, and creates new felony penalties for fraudulent voting activities including ballot tampering, bribery, coercion, and false swearing related to association elections.

• Requires associations to maintain accounting records including bank statements, canceled checks, credit card statements, invoices, and transaction receipts, and mandates provision of itemized lists and sworn affidavits when unit owners request record inspections, creating a rebuttable presumption of compliance.

• Expands Division of Florida Condominiums jurisdiction after developer turnover to include investigation of complaints related to financial issues, elections, and records access, with "financial issue" defined to include budgets, reserve schedules, and accounting records.

• Requires associations managing 25 or more units to post digital copies of bylaws, declarations, articles of incorporation, rules, contracts, budgets, financial reports, and meeting notices on websites by January 1, 2024, with all official records to follow by the same deadline.