This summary is for informational purposes only and provides a broad overview of statutory changes affecting condominium associations (Chapter 718, Florida Statutes) and homeowners associations (Chapter 720, Florida Statutes). Boards and community association managers are encouraged to consult legal counsel to determine how these changes may affect their community.
This summary specifies whether each change applies to condominium associations, cooperative associations, homeowners associations, or both.
1. Community Association Managers (CAMs) and Management Firms (Applies to both Condominiums and HOAs)
2. Conflicts of Interest (Applies to both Condominiums and HOAs)
3. Milestone Inspections (Applies only to Condominiums and Cooperatives)
4. Insurance Requirements (Applies only to Condominiums)
5. Financial and Records Requirements (Applies to Condominiums; Management Contract disclosure provisions also apply to HOAs)
6. Video Conferencing & Owner Meetings (Applies to Condominiums Only)
7. Reserves and Structural Integrity Reserve Studies (SIRS) (Applies to Condominiums Only)
8. Hurricane Protection Responsibility (Applies to Condominiums Only)
9. Electronic Voting and Ballots (Applies to Condominiums Only)