Florida condo owners will see higher costs in 2025 due to this law

The state law, passed in 2022, requires associations to have sufficient reserves to cover major repairs. Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022.It requires associations to have sufficient reserves to cover major repairs and to conduct a survey of reserves every decade. Because of the law, older condos—found largely in South Florida, according to state records—are...