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Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022. It requires associations to have ...
Reacting to the June 2021 collapse of the Champlain Towers South, a 12-story condo in Surfside, Miami-Dade County, lawmakers unanimously passed legislation and DeSantis signed it into law in May 2022.
That requirement applies to roughly 900,000 condo units across the state. It also requires condo associations to keep a minimum amount in their reserves to fund future repairs, requiring many ...
Most HOAs are incorporated, and are subject to state statutes that govern non-profit corporations and HOAs. State oversight of HOAs varies from state to state; some states, such as Florida and California, [3] [4] have a large body of HOA law. Other states, such as Massachusetts, [5] have limited HOA law.
The Florida Statutes are the codified, statutory laws of Florida; it currently has 49 titles. A chapter in the Florida Statutes represents all relevant statutory laws on a particular subject. [1] The statutes are the selected reproduction of the portions of each session law, which are published in the Laws of Florida, that have general ...
These are in turn compiled into the Laws of Florida and are called "session laws". [1] The Florida Statutes are the codified statutory laws of the state. [1] The Florida Constitution defines how the statutes must be passed into law, and defines the limits of authority and basic law that the Florida Statutes must be complied with.
Not surprisingly, condo listings are up across the state of Florida. According to Florida Realtors, as of November 2024, new listings of condos and townhouses rose by 5.5% year-over-year. And ...
On Jan. 29, 2008, voters approved an increase to $50,000 for non-school assessments, which is incorporated in Florida Statute §196.031. The reduction contained in Florida Statutes should not be confused by the Florida Constitution homestead exemption which protects the homestead from forced sale except under certain circumstances.