Insurance, repairs and market slump driving some condo owners to the brink (FL)

/ Owner - February 7, 2025

The 2021 Surfside Condo collapse spurred the Florida legislature into action, in an effort to prevent a similar tragedy from happening again. Laws passed have increased scrutiny on maintenance and forced residents to make much larger financial commitments to reserve funds, so that condo associations can make repairs when needed. However, there is a growing concern among condo owners that the legislation has led to an unsustainable increase in costs, even to the point of being priced out of their homes.    Read the article…………………………….

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