ANALYSIS OF SB4-D

CONDO SAFETY REFORM BILL

On May 26, 2022, Governor DeSantis signed into law the SB-4D Building Safety Act.  

The law was enacted, in part, as a response to the collapse of  Surfside and in an attempt to  ameliorate any future tragedy.   

The law modifies associations governed under Florida Statutes chapter 718 (condominium), 719 (co-operatives) and 720 (home) and establishes a uniform statewide structural inspection program.

In particular, a structural integrity reserve study is now mandatory. In terms of structural integrity, the reserve study includes roofing or roof sections on repairs and replacements in accordance with the Florida Building Code.

In addition, the law now requires condominium association and cooperative associations to conduct  milestone inspections on specified items and times, regulated by local enforcement agencies.

In terms of record requests, a  Reserve Study is now deemed an  official record of the association and must be maintained for 15 years.

As of December 31, 2024, reserve funds can only be used for designated purposes, and an association cannot waive reserves or underfund items in the Reserve Study.

The Building Safety Act is a good start, but there is still a long way to go.

SB 4-D

Approved by Governor - SJ 39