Platform: LinkedIn • Post #12
Thank you for reading this post, don't forget to subscribe!Florida’s condo owners are facing a financial reckoning that most buyers don’t fully understand yet.
SB 4-D (2022) and its follow-up HB 913 (2025) require:
- STRUCTURAL INSPECTIONS for all buildings 3+ stories, 30+ years old (25 years if within 3 miles of coast)
- STRUCTURAL INTEGRITY RESERVE STUDIES (SIRS) covering: roof, load-bearing walls, foundation, fire protection, plumbing, electrical, waterproofing, and any component with replacement cost >$10,000
- FULLY FUNDED RESERVES — associations can no longer vote to waive reserve requirements
The reality on the ground:
- Special assessments of $20,000 to $400,000+ per unit
- Monthly HOA fees rising 50-100% in some buildings
- Buildings losing “warrantable” status, cutting off conventional financing
- Some buildings becoming effectively unmarketable
HB 913 gave associations more flexibility in HOW they fund, but the underlying cost hasn’t changed. This is not a temporary disruption. This is the new cost of condo ownership in Florida.
Full SB 4-D analysis in our report →
Hashtags: #FloridaCondos #SB4D #HB913 #CondoLaw #RealEstateLaw #SouthFloridaRealEstate #CondoAssociation #HOA