Florida Condos Face Looming Deadline for Safety Compliance

State law mandates structural reserve studies and funding plans by December 31, raising costs and concerns for condo owners.

Florida's Senate Bill 4D requires condo associations for buildings three stories or higher to complete a Structural Integrity Reserve Study (SIRS) by December 31, 2024, with limited exceptions.
The law, enacted after the 2021 Surfside condo collapse that killed 98 people, aims to ensure long-term safety through regular inspections and adequate repair funding.
Condo owners face rising costs, including mandatory monthly contributions to reserve funds, leading to financial strain, increased listings, and a slowdown in sales within the condo market.
Critics argue the regulations lack flexibility, particularly for newer buildings, and highlight concerns over transparency, enforcement, and the broader property insurance crisis in Florida.
Associations unable to meet the deadline may delay compliance if milestone inspections are scheduled by 2026, but future waivers for funding requirements are prohibited.