How Homeowners Win When They DownsizeDownsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile.

Dated: March 1 2023
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What Does The New Condo Law Mean For You?
In May of 2022, Florida's Senate Bil SB 4-D was passed. This new bill will impact Florida condominium associations that are 3 stories tall or higher. The new law addresses safety and preventative measures related to the condominium property.
Florida Sentate Bill SB 4-D requires additional and strict inspections by licensed professionals and does NOT allow the waiver of reserves for most condo property components. The Legistlature has given condo associations comprised of 3 stories or more a two year period of compliance for most of the new requirements.
This new bill will make it mandatory for condos 3 stories or higher to perform a Milestone Structural Inspecion, or MSI. A Milestone Inspection Report must be produced by a licensed architect or engineer. An MSI analyzes a building's life safety and structural integrity. The cost of a Milestone Structural Inspection and Report is said to be significant so condo associations should prepare to start funding the MSI. The new law considers it a breach of a director's and/or officer's fiduciary obligations to willfully or knowingly fail to have a Milestone Structural Inspection performed by the date required by the state.
With all of that said to break it down here is a list of requirements pertaining to a Milestone Structural Inspection:
In addition to the Milestone Structural Inspection and Report there are several other requirements that are mandatory as a result of this new Florida Senate Bill SB 4-D. Please contact me anytime at 727.251.3268 or [email protected] for additional information and stay tuned for more blog posts explaining this new Bill and how it affects condo owners and associations.
#NextHomeGulfCoast #FloridaCondoLaws #MilestoneStructuralInspection #floridacondos #beachcondos
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What Does The New Condo Law Mean For You?In May of 2022, Florida's Senate Bil SB 4-D was passed. This new bill will impact Florida condominium associations that are 3 stories tall or higher. The new