TALLAHASSEE, FL – June 2025 — Governor Ron DeSantis has signed House Bill 913 into law, enacting sweeping reforms to provide financial relief, enhance accountability, and increase transparency for condominium associations and unit owners across the state of Florida.
The legislation responds to mounting concerns from residents over rising maintenance fees, limited access to financial data, and burdensome structural reserve requirements in the wake of increased statewide condominium regulation.
Key Provisions of HB 913
Financial Relief and Flexibility
- Reserve Study Deadline Extension: Condominium associations now have an additional year to complete their legally mandated structural reserve studies.
- Temporary Pause on Reserve Contributions: Associations are authorized to suspend reserve funding for up to two years in order to direct financial resources to urgent or emergency repairs.
- Increased Repair Reserve Threshold: The threshold requiring funding for mandatory structural repairs has been increased from $10,000 to $25,000, reducing the burden of minor repair reserves.
- Mitigation of Sudden Assessments: The changes are expected to reduce the likelihood of large, unplanned special assessments for condo owners.
Stronger Oversight and Accountability
- Enhanced State Enforcement: The Department of Business and Professional Regulation (DBPR) gains greater authority to enforce insurance and board education requirements.
- Contract Termination Rights: Both condominium boards and individual unit owners can terminate vendor contracts if they are found to violate state condominium laws.
- Competitive Bidding and Disclosure: Associations are now required to use competitive bidding for major expenditures and disclose any conflicts of interest involving board members or vendors.
Empowering Unit Owners
- Digital Access to Records: Condominium associations must provide online access to key association records, ensuring that owners can review financial and operational information remotely.
- Mandatory State Reporting: Associations are required to submit detailed data about their properties and operations to the state for better oversight and transparency.
- Improved Meeting Participation: The law expands the use of video conferencing and electronic voting to increase unit owner participation in meetings and decision-making processes.
- Financial Transparency: Associations must provide financial records to unit owners upon request, reinforcing owners’ rights to monitor their shared financial responsibilities.
Implementation and Impact
HB 913 becomes effective July 1, 2025, and applies to all condominium associations governed under Florida Statutes Chapter 718. The legislation follows a series of condominium-related laws enacted after the 2021 Surfside building collapse, further modernizing governance practices and helping to balance safety needs with affordability.
Supporters of the bill have noted that the reforms aim to protect Florida’s 1.5 million condo unit owners by easing financial strain, increasing oversight of association activities, and promoting transparency in board operations.
For more information, visit www.flsenate.gov.