Month: June 2022

THE BIG CHANGE: NO LONGER IS THERE THE ABILITY TO WAIVE RESERVES OR USE THEM FOR OTHER PURPOSES Effective December 31, 2024, a unit-owner controlled association may not determine to provide no reserves or reserves less adequate than required by the items listed in the mandatory structural integrity reserve study we showed you last week.   …

Over the last few weeks, I blogged about every condominium in every county now needing a “milestone inspection.” To recap, these “milestone inspections” will start after the 30 year mark and every ten years thereafter (25 years and every 10 years thereafter if your property is within three miles of the coast). We wrote about…

So last week we discussed the fact that the change in the law will now require every condominium building in the state that is 3 stories or higher and at least 30 years old (25 years old if within 3 miles of the coast) to undergo a Phase One inspection, every 10 years, by a…

Let’s start discussing the new condominium laws that go into effect on July 1st. We won’t cover them all in one week, so look forward to next week’s blog as well.   IF YOU HAVE A MANAGEMENT COMPANY the statute says: If a community association manager or a community association management firm has a contract…