A SIRS at Developer Turnover: How Florida law affects condo boards and developers
In this article: we examine Florida's new law that mandates a Structural Integrity Reserve Study (SIRS) at developer turnover, explaining how this change prevents new condo boards from inheriting buildings with unknown structural defects and underfunded reserves. We detail the benefits for both condo associations, who gain immediate transparency and financial foresight, and for developers, who ensure a smoother, [...]