3 things condo association decision-makers should consider as new safety laws go into effect

Recently, Florida passed SB 4-D, a new safety regulation for condominium and cooperative association buildings. The law centers around inspection requirements, mandatory reserves and more transparency for unit owners and prospective unit owners on information regarding the condition of the buildings. For associations that have been waiving or partially funding their reserves, the new law may result in large budgetary increases and create a financial burden on unit owners. SB 4-D at-a-glance The…

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