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Florida Senators Jennifer Bradley, left, and Jason Pizzo, center, talk to the panelists during the “Risk Management” session of the Condo Summit 2024 on Tuesday, Dec. 3, 2024, at the Liberal ...
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 ...
There’s fear of a double-whammy effect: Condo fees have already increased 60% in the past five years thanks to the rising cost of property insurance and because associations are preparing to ...
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...
According to data from Condo Vultures, the tri-county area had 12,925 condo associations as of December 2023 — that’s about 26% of the 50,000 condo associations in Florida.
Increased insurance premiums have already left many Florida condo owners facing increased HOA fees. That's coming at a time when the insurance the owners carry on their own units is becoming ...