What changed
Legislation passed in 2022 and amended in later sessions, most recently by House Bill 913 in 2025, requires two things of most condominium buildings with three or more habitable stories:
- Milestone inspections of the structure by a licensed engineer or architect once the building reaches 30 years, and every ten years after that, with a second phase of inspection when the first finds signs of structural deterioration.
- Structural integrity reserve studies (SIRS) every ten years, covering components such as the roof, structure, fireproofing, plumbing, electrical systems, waterproofing and windows, with reserves for those items that must be funded rather than waived.
Associations that had underfunded reserves for years now have to make up the difference, through higher monthly charges, special assessments or loans. Some buildings face large one-time assessments for repairs identified by inspections.
Documents to request
- The current budget and the most recent annual financial report.
- The milestone inspection reports, if the building is old enough, and evidence that required repairs are completed or scheduled.
- The structural integrity reserve study and the association's funding plan.
- Board minutes from the past one to two years, which often reveal planned projects and disputes before they are formally announced.
- Any adopted or proposed special assessment, its amount per unit and its payment schedule.
- Insurance declarations, including wind and flood coverage and recent premium changes.
- Disclosure of any litigation involving the association.
How to read them
The question is not whether a building has an assessment, but whether its obligations are known, quantified and funded. A building that has completed its inspection, adopted a credible funding plan and begun the work can be a sounder purchase than one that appears inexpensive because the bills have not yet arrived. Ask who pays an assessment that is adopted before closing; the contract should answer it clearly.
For sellers
Buyers and their lenders will ask for these documents. Gathering them before listing, and being able to explain the building's position, shortens negotiations and reduces the risk of a late price reduction. Where an assessment is in place, deciding in advance how it will be handled in the sale is often part of the pricing strategy.
Sources: Florida House Bill 913 (2025) and its staff analysis on flsenate.gov; summary by Withum. General information as of November 2026, not legal or engineering advice.