Condo questions: What are requirements for reserves under Florida law?

Q: My condominium is currently working on its 2022 budget. I know we have a reserve budget with multiple items. It looks like the replacement costs for several of the items on the reserve budget has skyrocketed. What are the requirements regarding reserves under Florida law and is there a possibility of lowering the reserve contribution for the next year to ease the financial burden of the higher replacement costs?     Read the Q&A………………………………………

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