Bill Summary

by Geller

Condominium and Cooperative Associations: Revises & provides bylaw provisions for condominium & cooperative associations relating to waiving or reducing amount of reserve funds, reserve fund study requirements, annual structural inspections of buildings, structural & electrical recertification inspections, recertification reports, completion reports of remedial action, penalties for failing to submit certain reports, & mandatory evacuations; revises documents that must be delivered to prospective buyer or lessee of residential unit; revises contract clauses for resale of residential unit; requires construction & renovation of residential condominium & cooperative buildings to comply with Florida Building Code; provides requirements for waterproofing measures of certain elements of community associations in Florida Building Code. Effective Date: July 1, 2022

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