Florida Amendment to Unit Designation to include Additional Lands and Leases in A Unit
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Stat. § 718.3027. Section 718.3027 - Conflicts of interest (1) Directors and officers of a board of an association that is not a timeshare condominium association, and the relatives of such directors and officers, must disclose to the board any activity that may reasonably be construed to be a conflict of interest.
By the end of 2024, the legislation requires condominiums that are at least three stories tall and within 3 miles of the coast be inspected by a licensed engineer or architect when they reach 25 years of age and buildings more than 3 miles inland at 30 years.
Section 718.112(2)(l), Florida Statutes, requires certain condominium associations to retrofit their common elements, association property, and units with a fire sprinkler system in ance with Chapter 633 (?Florida's Fire Prevention Code?) and any other code, statute, ordinance, administrative rule, or regulation ...
So starting in 2025, new Florida state law will require condo boards of buildings that are three stories or higher to set aside money to cover the cost of future major repairs, not for cosmetic stuff like new carpet, paint, lobbies, and you know, stuff like that.
(13) An amendment prohibiting unit owners from renting their units or altering the duration of the rental term or specifying or limiting the number of times unit owners are entitled to rent their units during a specified period applies only to unit owners who consent to the amendment and unit owners who acquire title ...
Section 718.112, Florida Statutes, which covers board elections, among other items, was first amended effective in 2018 to include a provision that board members could only serve for four consecutive terms of two years at most (later amended to make this a straight eight-year limit, regardless of length of terms).
Section 718.3026(1) of the Florida Condominium Act applies to contracts for the purchase of materials or equipment and the provision of services. Any such contract that requires payment of an amount that exceeds five percent of the total annual budget of the association, including reserves, requires competitive bids.
§ 718.111(11)(f) states that the association is responsible to insure the buildings in the community including all windows and sliding glass doors, common areas, and anything for which the unit owner is not responsible under the law.
