Florida lawmakers won’t delay deadline on condo rules

In a recent decision, Florida lawmakers will not delay the deadline requiring condominium associations to complete reserve studies for future repairs, which is set for December 31. This ruling comes as many condo owners face the prospect of significant association fees related to potential repairs. Governor Ron DeSantis had previously urged for immediate legislative action to alleviate the financial burden on constituents, but Republican leaders have chosen to defer the discussion until March, when the legislative session begins. Senator Nick DiCeglie, a St. Petersburg Republican, voiced his support for addressing the matter before the year ends, emphasizing the urgency of the situation.

The reserve study requirement is part of reforms enacted following the tragic collapse of the Champlain Towers South in Surfside in 2021, which claimed numerous lives. These reforms aim to enhance safety and financial preparedness among condo associations. As the deadline looms, many residents are left in limbo regarding their financial responsibilities for necessary repairs. The decision not to act immediately raises concerns about the potential impact on condo owners who may struggle with steep costs.