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FL S1774
Bill
AI Summary
- Condominium buildings taller than three stories must be inspected every 5 years by a licensed architect or engineer, who must provide a sealed report on required maintenance, useful life, and replacement costs of common elements; buildings must have an initial inspection within 5 years if not inspected by July 1, 2022
- Associations may waive the 5-year building inspection requirement only by majority vote of voting interests at a properly called meeting, with the waiver effective for only that single 5-year period
- Associations are prohibited from waiving financial reporting requirements for more than 3 consecutive years, and the person or entity preparing a financial report may rely on an inspection report provided to the association to meet fiscal and fiduciary standards
- Board candidates' certification forms from the division—on which candidates attest they have read and understand the association's governing documents, chapter 718 provisions, and applicable rules—must be provided to unit owners along with election ballots
- The act was scheduled to take effect July 1, 2022, and was filed by Senator Pizzo
Legislative Description
Condominium Associations
Last Action
Died in Regulated Industries
3/14/2022
Full Bill Text
No bill text available