While the sharp rise in Florida home insurance costs is driving some to sell, most of the units on the market are in buildings 30 years or older. Under a new law, buildings must pass milestone structural inspections no later than 30 years after they are built.
Tag: Surfside collapse
Florida Condo Owners Brace for New Inspection, Reserve Requirements
Condo owners in Florida, already getting squeezed by increasing insurance costs, also might get hit soon by higher monthly fees from new state regulations on structural inspections and reserve funds.
FL Senate Moves Bill to Require Statewide Condo Inspections
Florida legislators began work on updating the state’s condominium regulations in response to the Champlain Towers South collapse as a Senate committee advanced a bill Tuesday to impose inspection requirements statewide, including stricter standards for buildings near the coastline. The measure, SB 1702, was unanimously approved by the Senate Community Affairs Committee and is… Continue reading FL Senate Moves Bill to Require Statewide Condo Inspections