Florida Condo 3.0 Law HB 1021 - Ocean Capital Lending

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Florida Condo 3.0 Law HB 1021

Florida House Bill 1021, also known as the Community Associations bill, was passed to address various issues impacting condominium associations. The bill includes provisions that:

1. Define condominium association official records, retention guidelines, inspection requirements, and more. It specifies the duties of community association managers (CAMs) regarding these records.

2. Require condominium declarations to outline the responsibilities of unit owners and associations for the costs of maintenance, repair, and replacement of hurricane protections, exterior doors, windows, and glass apertures.

3. Provide a uniform procedure for approval of hurricane protection.

4. Specify that unit owners are not responsible for the cost of removal and reinstallation of hurricane protection if the removal is necessary to repair the condominium property.

5. Require new requirements for CAMs, and directors, officers, and persons with a financial interest in a CAM firm, or relatives to such persons, to disclose to the Board of a community association any activity that may reasonably be construed to be a conflict of interest.

6. Require the CAM or other person to disclose the conflict to the Board, have it on the Board agenda, attach all related contracts or transactional documents to the next Board meeting agenda, and enter the disclosures into the Board meeting minutes.

7. Outline election and voting requirements, recall of board members, procedures and records related to financial issues, maintenance of association records, procedural aspects of meetings, disclosure of conflicts of interest, and removal of a board director or officer under ch. 718.

These provisions aim to enhance transparency, accountability, and governance within condominium associations. To review the bill in its entirety – CLICK HERE