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What You Need to Know About Florida New (2023) Senate Bill 154: Milestone Inspection Legislation

Florida's latest milestone inspection legislation has sent shockwaves through the real estate and property management industry. This transformative piece of legislation, stemming from Senate Bill 154 (also known as The Milestone and SIRS Glitch Bill which we have covered extensively) has shifted from bill to a law as of June 13, 2023, impacting condominiums and cooperative buildings across the state. In this article, we delve into the key aspects of this legislation, explaining wha … read more

Posted by Scott Harvey-Lewis on Sep 6th 2023

What You Need to Know About Florida New (2023) Senate Bill 154: Structural Integrity Reserves (SIRS) Studies

Florida Senate Bill 154 has been signed into law and brings significant changes to Structural Integrity Reserves (SIRS) studies, a crucial element in ensuring the safety and long-term maintenance of condominium buildings across the state. These updates address various aspects, from who can perform the inspections to what needs to be included in the reserve studies. SIRS studies are essential for funding major repairs and replacements of primary structural elements and other vital build … read more

Posted by Scott Harvey-Lewis on Aug 31st 2023

Florida Condo Inspection Bill 154: Milestones and Must-Knows for Condominiums and Cooperatives

Senate Bill 154 emerged as a legislative response to address critical issues within Florida's condominium and cooperative associations. This landmark bill refined two essential requirements: milestone inspections and structural integrity reserve studies. These provisions, aimed at enhancing building safety, bring significant changes to the way these associations operate. As an amendment to Florida Statute 553.899 (previously known as Senate bill SB 4-D), SB 154 mandates non-waivable reserv … read more

Posted by Scott Harvey-Lewis on Aug 21st 2023

Preparing for Budget Adjustments and Financial Planning for Senate Bill SB 4-D and Glitch Bill SB 154

The implementation of Florida Senate Bill 4-D (full Bill here) and Glitch Bill SB 154 (full Bill here) ushers in a new era of compliance and financial planning for Florida's condominium and cooperative associations. As the regulations take effect, associations are poised to encounter unique budgetary challenges, requiring proactive engagement and strategic decision-making. In part three of our coverage of these bills (read part 1, explaining the bills and part 2 discussing ke … read more

Posted by Scott Harvey-Lewis on Jun 8th 2023

Exploring Key Aspects of Milestone Inspections and Structural Integrity Reserve Studies for Senate Bill SB 4-D and Glitch Bill SB 154

The recent passing of Florida Senate Bill 4-D (full Bill here) and Glitch Bill SB 154 (full Bill here) has brought significant changes to Florida's condominium and cooperative associations. These bills have introduced new requirements, particularly related to milestone inspections and structural integrity reserve studies (SIRS). In the latest of our multi-part coverage on SB 154 and SB 4-D (read part 1 if you missed it), we delve into the essential details and implications of these bill … read more

Posted by Scott Harvey-Lewis on May 9th 2023