Florida Realtors announce major updates to Florida’s condo laws, set to take effect July 1, 2025, introducing new legal forms and rule changes.
Key revisions include:
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Extended Buyer Review: Section 718.503 of the Florida Condominium Act now grants prospective buyers a full seven-day review period (excluding weekends and holidays) to review association documents, up from the previous three days.
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Inspection Timeline Adjustments: The deadline for Structural Integrity Reserve Studies (SIRS) is pushed back to December 31, 2025, and the rules now apply only to buildings three habitable stories or taller. Associations can also pause reserve funding for two years after an inspection.
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Flexible Reserve Funding: Condo boards may now use lines of credit to meet reserve requirements if the majority of owners approve—providing financial breathing room for associations.
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Enhanced Disclosure Rules: Associations must now post approved board meeting minutes from the past 12 months on their websites. Additionally, buyers have an extended right to cancel contracts within seven days after receiving updated documents.
New Legal Forms Available July 1
Revised forms—including the Comprehensive Condominium Rider (CR-7), Condo Addendum (CRSP17x_F), and Cooperative Addendum (COOP-4)—will be available starting on July 1.
Why This Matters
These changes promote greater transparency and consumer protection while offering practical flexibility for condominium associations.