Rep. Vicki Lopez highlighted the issue at the 'Priced Out Of Paradise' panel, stating that without consequences for non-compliance, condo boards lack accountability for necessary repairs.
The new state law mandates structural integrity reserve studies for higher condos, aiming to ensure proper savings for future repairs, addressing the tragic Surfside collapse.
With the median monthly condo assessment climbing 59% this year, residents face increased financial burdens as associations scramble to meet new safety requirements.
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