New Florida Law Requires Reserves for Condo, Co-op Repairs

Palm Beach, Florida, condo, co-op

A new Florida law requires condos and co-ops to do special inspections, set aside funds for upcoming work and do a wide range of repairs expeditiously, sometimes adding significant expense to managing the structures. The law, designed to further assure structural integrity, is a reaction to the 2021 collapse of the Surfside condominiums in North…
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