This video features Evan Bradley from Campbell Property Management, Michael Bender from Kaye Bender Rembaum, and Paul Mack from Mack, Mack & Waltz Insurance for this “Condo Inspection & Insurance Legislation” Webinar. This recording is from June 21, 2022 and was hosted on Zoom. Learn how this impacts your community association.
Rembaum's Association Roundup | Jeffrey A. Rembaum, Esq., BCS
As a result of the 2022 Florida legislative session, there will be no new statutes requiring mandated building/engineering inspections, no statutory changes to budgeting procedures, no mandated reserve study requirements, and no statutory changes to required disclosures.
While only a very few Florida counties have mandated in their code of ordinances that older condominium buildings have life-safety inspections, that does not mean required maintenance and proper planning can be otherwise avoided elsewhere. Board members must exercise their fiduciary duties with due care and due diligence. Voluntary engineering inspections and professional reserve studies should be considered to take place on a regular schedule. Maintenance, repairs, and replacements should be budgeted and funding sources properly identified.