Will Florida’s new condo law help ease an affordability crisis? See the changes

A new Florida law allows condominium associations to temporarily pause payments into reserve funds used for major repairs until 2028. This measure is meant to give communities greater flexibility in handling rising maintenance and insurance costs, especially in older buildings. While it offers financial relief for some owners, it does not change the existing requirements for structural safety inspections and long-term repair planning. These rules, implemented to ensure building safety, remain mandatory. The pause gives associations more time to budget and prioritize repairs without immediately increasing fees for residents. for more information click here.