Florida Governor Ron DeSantis has signed a comprehensive condominium reform bill, HB 913, designed to enhance accountability and transparency among condo associations while offering financial relief to owners facing rising HOA fees. The legislation, spurred by residents' complaints following the 2021 Surfside Tower tragedy, introduces measures such as a one-year extension for reserve study requirements and a two-year suspension of reserve fund contributions. The bill aims to prioritize critical repairs and empower unit owners, taking effect on July 1.
With the governor's signature, new condo legislation will take effect on July 1, bringing much-needed financial relief and reform for condo owners across Florida.
DeSantis emphasized, 'We've heard the concerns of condo owners throughout Florida, and we are delivering reforms that will provide financial relief and flexibility, strengthen oversight for condo associations, and empower unit owners.'
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