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Evolution of CAI Policy Recommending Legislative Mandates for Reserve Studies and Funding and Building Inspections

/ Owner - June 21, 2023

Taking a bold new stance following the tragic partial collapse of Champlain Tower South in Surfside, Fla., in late June 2021, CAI now recommends statutorily mandating reserve studies and funding for all community associations. The recommendation also provides details to help communities prepare for and a timeframe to practically transition to these new requirements to avoid financial strain on homeowners and the association¬† ¬†Read the article………………………..

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