Reported 1 day ago
Florida condominium owners are bracing for higher costs in 2025 as new safety regulations mandate that condo associations maintain sufficient reserves for repairs and carry out regular inspections. These changes, initiated following the tragic Champlain Towers South collapse, are particularly burdensome for older buildings, leading to increased association fees. Many condo owners are concerned about the financial implications of these regulations, which come amid rising insurance premiums and inflation, further complicating the affordability of condo living in south Florida.
Source: YAHOO