By Anita Byer

On June 23, 2025, Governor DeSantis signed a comprehensive condominium governance bill into law. House Bill 913 includes numerous condominium-specific statutory amendments, most of which became effective July 1, 2025. That means board members have little time to determine if and how these amendments, including those set forth below, may affect their association or its operations. (Note that not all changes made by House Bill 913 are discussed below.)

Milestone Inspections. House Bill 913 revises the requirements for milestone inspections to apply to condominium buildings that are three “habitable” stories or more in height instead of three or more stories under current law.

Annual Financial Statements. The bill revises the annual financial statement requirements for condominiums by:

• Increasing from 120 days to 180 days, the date by which the financial report must be completed after the end of the fiscal year.
• Requiring the approval of a majority of all the voting interests to reduce the type of financial reporting.

Condominium Association Meetings. House Bill 913 allows associations to conduct meetings by video conferencing, including board meetings, budget meetings, and unit member meetings. The bill also:

• Allows board members who appear by video conference to vote, but their presence may not count towards a quorum.
• Requires meetings conducted by video conference to be recorded and kept as official records.
• Requires meetings to be held within 15 miles of the condominium property or within the same county.

Reserves. Regarding the maintenance of reserves, the bill:

• Increases the monetary threshold for reserve items from $10,000 to $25,000, with annual inflation increases.
• Allows for investment of reserve funds in certificates of deposit or deposits in banks and credit unions without a vote of the unit owners.
• Allows a unit-owner-controlled association that is required to have a SIRS to fund reserves by a special assessment, a line of credit, or loan, with the approval of a majority of the association’s voting interests.
• Allows condominium boards to pause reserve funding without unit owner approval when the condominium building is declared uninhabitable by the local building official.

Structural Integrity Reserve Studies (SIRS). The bill:

• Revises the requirements for SIRS to apply the requirement to buildings that are three “habitable” stories or more in height.
• Extends the deadline by which associations must complete a required SIRS from December 31, 2024, to December 31, 2025.
• Allows associations that have completed the required milestone inspection to delay the SIRS for the two consecutive budget years to prioritize funding for repairs and maintenance required the milestone inspection.
• Exempts four-family dwellings with three or fewer habitable stories above ground from the SIRS requirements. Requires officers and directors to sign an affidavit acknowledging receipt of a completed SIRS.

Electronic Voting. The bill revises electronic voting requirements for condominiums, including requiring the board to adopt a resolution allowing electronic voting if at least 25 percent of the voting interests petition the board to adopt a resolution for electronic voting.

Presale Disclosure. House Bill 913 extends the 3-day recission period for condominium sales by non-developer unit owners to 7 days.

Board members should be reviewing all new condominium-specific legislation, as well as any other applicable statutory amendments, to ensure compliance. Consultation with the association’s attorney may be necessary. The Human Equation prepares all risk management and insurance content with the professional guidance of Setnor Byer Insurance & Risk.