Starting Jan. 1, new provisions tied to Florida’s condo legislation went into effect, with a focus on greater transparency and stricter financial/operational expectations for associations.
At the same time, official guidance highlights a key milestone: many associations must begin funding SIRS reserves in line with reserve studies by January 1, 2026, depending on when budgets were adopted.
Why this matters for buyers (and why you should care even if you love the unit)
A condo’s purchase price is only half the story. The other half is:
HOA dues
Reserve funding
Potential special assessments
Building condition, inspections, and compliance items
In a tightening regulatory environment, some condos may look “cheaper” upfront—but become more expensive in total cost once reserve requirements and association planning are accounted for.
BrokerBiker takeaway
Condo deals require a stronger due diligence checklist. Before you commit, you want to review the association’s financials, reserves, and any looming projects—so you don’t discover the real price after closing.