TAMPA, Fla. (WFLA) – It is the Florida Senate’s flip to take up condominium reform after the Home handed its personal sweeping condominium reform measure Wednesday.
The 2021 Surfside condominium collapse is the explanation behind lots of Florida’s present guidelines and necessities for condominium associations. Miami Republican Consultant Vicki Lopez is behind the push for brand new laws aiming to ease the monetary burden on associations and homeowners.
“That is the much-awaited condominium invoice that you’ve got heard a lot about,” Lopez mentioned.
Many members of the Home described the battle for homeowners, in lots of circumstances, seniors residing on fastened incomes.
Within the aftermath of the lethal collapse in South Florida, condominium associations are required to have reserve funds to pay for a structural integrity examine.
The invoice that simply handed within the Home permits associations to make use of credit score traces as an alternative of reserve funds.
The proposed regulation clarifies that solely buildings with 3 liveable tales should full the research and inspections. It additionally offers condominium homeowners extra poser, permitting them to electronically vote on affiliation issues.
Lopez admitted the measure may want tweaks sooner or later.
“I’ll completely come again subsequent yr if we have to see if it is working or if it is not working on this format,” Lopez mentioned.
The invoice handed with a 113-2 majority within the Home, Wednesday.
Senators are anticipated to vote on the companion laws, Thursday.
If the measure is signed into regulation, it is going to go into impact on July 1.
