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Not surprisingly, condo listings are up across the state of Florida. According to Florida Realtors, as of November 2024, new listings of condos and townhouses rose by 5.5% year-over-year. And ...
Florida condo owners, hear this bluntly: the window to sell has probably closed. Existing condo sales are down significantly when compared to last year and the median price of a condo over 30 ...
Condo owners must begin reserve contributions in 2025 or 2026. Monthly condo assessment fees jumped by nearly 60% over the past five years in South Florida. Then there are the special assessments ...
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.
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...
The Florida Statutes are the codified, statutory laws of Florida; it currently has 49 titles. A chapter in the Florida Statutes represents all relevant statutory laws on a particular subject. [1] The statutes are the selected reproduction of the portions of each session law, which are published in the Laws of Florida, that have general ...
The issue of who controls common spaces — the condo units owners and their associations or the developer — has been at the center of several South Florida lawsuits, with courts recently ...
Its statutes, called "chapter laws" or generically as "slip laws" when printed separately, are compiled into the Laws of Florida and are called "session laws". [9] The Florida Statutes are the codified statutory laws of the state. [9] In 2009, legislators filed 2,138 bills for consideration. On average, the legislature has passed about 300 ...