210 views 32 sec 0 Comment

Many Tall Condominiums Face New Expenses (FL)

/ Owner - December 8, 2023

Surfside Condominium collapsed in June 2021 with $1 billion in property damage and 98 deaths. In May, 2022 Florida’s legislature amended statutes and adopted laws to require structural inspections and reserves for condominiums if three stories or more in height. The legislature amended the statutes in 2023. Many condominiums will find meeting the new statutory requirements expensive. Those expenses will be borne by unit owners.  Read the article…………………………….

Comments are closed.