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

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