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Across Florida, aging condo buildings are facing rising expenses and millions of dollars in structural repairs to comply with new regulations following the collapse of the Champlain Towers ...
One of the biggest justifications for rising costs is the passage of Senate Bill 4-D in Florida, which was passed in the wake of the Surfside Condo collapse. The 12-story condo fell in June 2021 ...
Two other, smaller, reasons behind the glut of condos in Texas and Florida boomtowns: fewer investors and a construction boom. ... Shop the best under-$50 clothing items to grab right now on ...
The Florida Legislature passed condo reform legislation in a May 2022 special session as Senate Bill 4-D, addressing issues highlighted in the aftermath of the Surfside collapse. [206] It was modeled on the 40 year recertification [207] scheme. [208] The bill creates a state-wide inspection program for condo buildings taller than three stories.
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.
Tourism is a large portion of Florida's economy. Florida is home to the world's most visited theme park, the Magic Kingdom. [245] Florida is also home to the largest single-site employer in the United States, Walt Disney World. [246] PortMiami is the largest passenger port in the world and one of the largest cargo ports in the United States. [247]
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