FL OFFICIALS DECIDE CONDOS MUST HAVE GENERATORS and HOAS CAN CONTINUE OPERATING WITHOUT RESERVE FUND TO PAY EMERGENCY CLEANUP AND OTHER EXPENSES
While the lack of reserves last year forced many association to impose huge special assessments on owners, the mandatory HOAs can continue operating without a reserve fund to pay emergency cleanup and other expenses.
High-rise condos must install sprinklers in hallways and lobbies by 2013, and associations must provide a generator for at least one elevator in each building by 2007 for at least 5 days after a disaster, so that the elderly and infirm residents won’t again get trapped on upper floors.
The length of time a condo owner or association can file suit against the buildrer for construction defects has been reduced from 15 years to 10 years.
State condo law is 93 pages, compared with 30 pages for the homeowner law. Governor Jeb Bush has ordered the state Department of Business & Professional Regulation to recommend by October 1st whether the state should consider combining laws for all “common interest communities,” include HOAs, condos, co-ops and timeshares.
