VOLUSIA COUNTY - After the deadly collapse of a building in Surfside, a bill was passed in Florida, hoping to improve condominium safety.

But these new requirements have become a burden for some condo owners who can't pay multimillion-dollar renovations.

While some who live in Daytona Beach Shores are on fixed incomes, others are well off. But no matter how much money each one has, most of them agree on one thing.

"This type of thing is going to be mission impossible for the average condo owner," said Thomas Baker, Marbella Condominium Association vice president.

Baker is talking about new requirements buildings now have to follow.

The law hopes to resolve structural and financial issues faced by buildings across the state, but it's creating challenges.

These new rules all come after the surfside collapse in Miami.

"That was this was a wake-up call because what's been going on, was there are millions of dollars of repairs at certain buildings, and the condo associations are hamstrung because you have to either have the reserves or you don't," said John Cadden, Condominium Advisory Group managing principal.

Condos over three stories high are required to complete a Structural Integrity Reserve Study.

This study will tell them how much money they need to have in their reserves for the long-term maintenance of their buildings.

This is leading to increases in association dues for renters. Some are even forced to move out because they can't afford higher fees.

However, Cadden suggests these high rates are partly condo associations' fault.

"You go back and look at years and years of financials on long existing condominiums and you compare it to the reserve studies they have done, they just didn't pay," he added. "They didn't do it. So people are complaining now about what they should have done before."

While at the Marbella things are looking good, many condo owners and renters are bracing for higher fees and special assessments.

"Everybody is going to have a shortfall," Baker said. "The older the unit is, the worse it is going to be."

The study must be completed by Dec. 31, 2024, or the association could face financial penalties.