H1393: Condominium and Cooperative Associations

Legislative Summary

Revises & provides bylaw provisions for condominium & cooperative associations relating to waiving or reducing amount of reserve funds, reserve fund study requirements, annual structural inspections of buildings, structural & electrical recertification inspections, recertification reports, completion reports of remedial action, penalties for failing to submit certain reports, & mandatory evacuations; revises documents that must be delivered to prospective buyer or lessee of residential unit; revises contract clauses for resale of residential unit; requires construction & renovation of residential condominium & cooperative buildings to comply with Florida Building Code; provides requirements for waterproofing measures of certain elements of community associations in Florida Building Code.