The 2025 Florida Legislature passed a significant bill for condominium and cooperative associations. Below is a summary of the newly passed legislation:
House Bill 913 was approved by the Governor and goes into effect July 1, 2025. The new law amends requirements relating to condominium structural integrity reserve studies (SIRS), milestone inspections, and condominium and cooperative association governance and management. For example:
- The deadline for certain associations to have a SIRS completed was extended to December 31, 2025, rather than December 31, 2024.
- An association, subject to certain requirements and limitations, may utilize special assessments, lines of credit, or loans to fund reserves; to pool reserve accounts; to use a baseline funding plan for its reserve funding schedule; to invest reserve funds in certificates of deposit or depository accounts without a vote of the unit owners; and to conduct board and unit owner meetings via video conference.
- All multi-condominium associations may now use an approved alternative funding method to satisfy reserve funding obligations.
- Local enforcement agencies must now submit certain information relating to association compliance with milestone inspection requirements to the Department of Business and Professional Regulation on an annual basis.
- Community association managers and community association management firms are subject to additional requirements relating to their licensure and regulation.
- Design professionals and contractor are prohibited from having an interest in a firm or entity providing a milestone inspection for an association, unless the interest is disclosed.
For more detailed information on House Bill 913 or to discuss how these changes may impact your association, please feel free to contact our office. This summary provides an overview of the legislative changes affecting Florida condominium associations in 2025 only; the full legislative text and additional details are available upon request. If you have further questions or require our firm’s assistance, please contact us.
