Florida Passes Major Condo Owner Relief: What You Need to Know

On June 23, 2025, Governor Ron DeSantis signed two important bills—HB 913 and HB 393—aimed at easing the financial strain on condo owners in Florida.

✔ Florida Gov Press Release - LINK

✅ 1. Financial Flexibility for Associations (HB 913)

One-year extension on reserve studies & two-year pause on reserve fund contributions.

Associations can now focus on critical repairs identified in milestone inspections without imposing sudden fee assessments on owners.

New funding options

Associations may use lines of credit or loans to address reserve requirements, avoiding sharp owner fees.

Increased repair threshold

The Structural Integrity Reserve Study threshold per repair rises from $10,000 to $25,000, allowing prioritization of essential structural fixes.

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🛡️ 2. Boosting Transparency & Owner Protections

Funding disclosure required

Associations must explain how SIRS contributions are funded—and share those details with unit owners and potential buyers.

Extended review period

Prospective buyers now get 7 days (instead of 3) to review financial disclosures before closing.

Oversight & accountability

Contracts must undergo competitive bidding, managers with revoked licenses are barred for 10 years, and online access to records, meetings, and voting is mandated.

🏗️ 3. Enhanced Safety Grants (HB 393)

Grant program improvements

The My Safe Florida Condo Pilot now:

Covers roof replacements.

Requires only 75% owner approval (down from 100%.).

Limits eligibility to buildings at least three stories tall.

Enforces compliance with SIRS and milestone inspections to qualify.

🔍 Why These Changes Matter

Eases financial pressure by reducing need for sudden assessments.

Strengthens safety and resilience in aging buildings.

Promotes transparency and fairness, protecting both current owners and future buyers.

Creates a balanced approach—maintaining safety without forcing owners out due to fees.

🗓️ What’s Next?

These laws take effect July 1, 2025

Condo boards should update reserve plans, review funding options, and ensure SIRS compliance.

*SIRS compliance refers to the Structural Integrity Reserve Study (SIRS) requirements for condominium and cooperative associations, particularly those with buildings three stories or higher.

Buyers now have a longer window to review condo financials—use it wisely!

Bottom line:

These reforms ease financial burdens, increase transparency, and enhance building safety—ensuring fair, secure, and sustainable condo communities in Florida.