Florida lawmakers gave final approval Wednesday to a bill aimed at reforming a condominium safety law passed in 2022 in the wake of the partial collapse of Champlain Towers South, which killed 98 people in Surfside in June 2021.
Condo owners have been facing higher costs because of the 2022 law, which requires condo associations to have sufficient reserves to cover major repairs and to conduct a survey of reserves every decade.
Sponsors of this year’s bill said further changes were needed to allow for more flexibility and to lessen the burden of new costs shouldered by residents, while ensuring protections remain in place to prevent another potential collapse…