Stay ahead of the curve and protect your financial future! Understand the impact of Senate Bill 4-D on your apartment value and explore your options before it's too late.

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Following the tragic building collapse in Surfside, future laws and regulations will reshape the condominium market landscape, leaving many in a state of financial turmoil.

As a condo owner, you're likely facing the biggest increase in condo fees in 2024, driven by a worrying mix of inflation and soaring homeowners insurance premiums. Prepare yourself, because the storm is far from over.

Millestone Structural Inspection
Studies of Structural Integrity Reserves
HOA Maintenance Fees Skyrocketing (Even More)
Milestone Structural Inspections
Milestone Structural Inspections
Apartments with three or more floors must undergo structural landmark inspections to assess their structural soundness and recommend essential improvements.
The initial landmark inspection must be completed by December 31st of the building's 30th year, a deadline that many condominiums in Florida have already met or are rapidly approaching, with subsequent inspections every decade. Knowing how your building may be affected is crucial!
What this means: ASSESSMENTS
Studies of Structural Integrity Reserves
Previously, condominium associations could choose to waive their reserve contributions.
Under the new legislation, associations existing on or before July 1, 2022, must commission a structural integrity reserve study for buildings with more than three stories.
To determine the required reserve amount, associations must complete a Structural Integrity Reserve Study by December 31, 2024.
What this means: MORE ASSESSMENTS
HOA Maintenance Fees Skyrocketing (Even More)
Higher compliance and administration fees may be required to ensure transparency, security, and residents' rights.
The high inventory in the condominium market, once the law becomes known, could lead to a surplus of units, making it challenging to sell with increased competition.
Condominium owners
Watch Now: Protect Your Future
Don't let your condominium become a nightmare. Witness the shocking reality of unexpected valuations that can devastate your financial future.
Don't wait for the storm to arrive and the market to be flooded with condominiums once the study becomes public knowledge. Act now to capitalize on the current market and ensure the best possible outcome for the sale of your condominium
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