Florida's 2025 Condo Law, What to know before buying

 The upcoming 2025 condo law has sparked conversations about its implications on the buying and selling of condos throughout the state. Understanding this law is essential for anyone looking to navigate Florida’s vibrant real estate landscape.

### Overview of the 2025 Condo Law

The 2025 condo law aims to enhance safety, transparency, and accountability within Florida's condominium associations. Following several high-profile incidents that raised concerns about building safety, lawmakers have prioritized regulations that ensure structural integrity and proper management of condo properties. This legislation introduces new requirements for inspections, financial disclosures, and maintenance protocols that will affect all stakeholders in the condo market.

### What Buyers Need to Know

For potential buyers, understanding the implications of the 2025 condo law is paramount:

1. **Building Inspections**: One of the most significant changes involves mandatory inspections for condominiums over a certain age. Buyers should be aware that properties may require extensive assessments to determine their structural soundness before they can be sold. This means that prospective buyers should look for properties that have recently passed these inspections or are scheduled for them.

2. **Disclosure Requirements**: The new law emphasizes transparency, which means sellers will need to provide detailed disclosures regarding a condo’s condition and any ongoing maintenance issues. Buyers should request these documents early in the purchasing process to assess potential risks or costs associated with repairs.

3. **Reserve Funds**: Another critical aspect of the law is the requirement for condo associations to maintain adequate reserve funds for future repairs and maintenance. Buyers should inquire about a building’s reserve fund status as it reflects how well an association prepares for long-term upkeep and can impact future assessments.

4. **Insurance Requirements**: The law also stipulates insurance requirements that associations must meet, including coverage for common areas and structural elements. Buyers should review insurance policies to ensure adequate coverage is in place, protecting their investment from unforeseen damages.

5. **Community Involvement**: As part of a condo community, buyers may find themselves more involved in governance than they would in single-family homes. Understanding how associations operate under this new law can help buyers gauge how decisions are made within their community.

### What Sellers Need to Know

For sellers, adapting to the changes brought by the 2025 condo law is equally important:

1. **Preparation for Inspections**: Sellers should proactively conduct building inspections before listing their condos. Addressing any major issues beforehand can prevent delays in

2.**Know the local market and surrounding buildings an know what's happening in the competitive market with prices along with hurdles in selling properties.

B At The Beach Realty specializes in nothing but beachfront condos in Galt Ocean Mile and Lauderdale-By-The-Sea to offer expert insight and knowledge.  Follow B At The Beach Realty on Facebook for information on each condo building along with neighborhood news.

Brian "B" Elam

407-694-8361