After Surfside: New Regulations and Skyrocketing Insurance Premiums Strain Condo Owners (FL)

/ Owner - August 17, 2024

A one-two punch is hitting condo owners and associations in Florida, forcing some to sell to cash buyers at massive discounts or risk foreclosure. The setback could have national implications.  The first hit: new regulations are coming due that make condo ownership more expensive. With the goal of preventing another tragedy like the partial collapse of the Champlain Towers South condo building in Surfside, which killed 98 people, Florida legislators passed new structural safety regulations in 2022 and 2023. Condo associations face a looming deadline of December 31, 2024, to comply.   Read the article…………………………….

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