Does Florida allow you to bury a deceased person in your yard? Florida does allow for family burials on private property under certain conditions, but there are regulations and
Confused By The New Florida Condo Laws? I Can Help!
Dated: March 1 2023
Views: 40
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:
- Building that are 3 stories or higher MUST perform an MSI by December 31st of the year in which the building is 30 years old and MUST continue to be performed every 10 years thereafter
- Condos within 3 miles of the Florida coastline that are 3 stories or higher must be inspected by December 31st of the year the building is 25 years old and MUST be performed every 10 years thereafter
- Buildings with a certificate of occupancy issued on or before July 1, 1992 ( 30 years or older) must conduct a Milestone Structural Inspection before December 31, 2024
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
Latest Blog Posts
Remote Work Is Changing How Some Buyers Search for Their Dream HomesThe way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll
Why Is Housing Inventory So Low?One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while
Planning to Retire? Your Equity Can Help You Make a MoveReaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on December 3, 2023 9:25 PM UTC The listing information on this page last changed on Last updated on December 3, 2023 9:25 PM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on December 3, 2023 9:25 PM UTC
