Florida’s condominium sector is at a breaking point. Property values in many older high-rises have fallen by around 22% since 2024, while insurance premiums, reserve funding demands, and special assessments are climbing. At the same time, a series of state-level measures - SB 154, HB 1021, and most recently, HB 913 - have made regulatory compliance non-negotiable. For board members, the stakes are personal: failure to comply can mean civil or even criminal liability, loss of a building’s occupancy license, and the inability to secure insurance or financing. For unit owners, not meeting requirements may limit mortgage eligibility and affect resale values.

Against this backdrop, Florida’s 1.5 million condo units need practical tools to stay compliant, protect residents, and preserve property value. That is the mission of Domexa Labs and its flagship software, My Condo Compliance. Multi-Layered Laws Redefine Responsibilities for Boards Florida’s condo rules have undergone changes. With significant revisions brought by SB 154 (2023), HB 1021 (2024), and HB 913 (2025), every board must now navigate a more complex regulatory landscape. These laws apply to all buildings three stories or higher—coastal and inland—unless city or county ordinances impose even stricter standards. Boards can no longer rely on ad hoc oversight; milestone inspections are now required every 30 years statewide, and even sooner for localities with tougher rules.

 

Structural Integrity Reserve Studies (SIRS) are now mandatory, and associations must ensure digital records are easily accessible to both owners and regulators. Buyers get more peace of mind, too - the contract review and recession window has been extended to seven days, giving them time to review association budgets, financial reports, reserve studies, and disclosures about assessments or building conditions before being locked in (Fla. Stat. § 718.503, as amended 2024).

 

But for boards, the consequences are serious: civil and even criminal liability for mismanagement, removal from office for failures, and in severe cases, loss of a building’s occupancy license or full evacuation orders.

Digital Solutions Fill the Compliance Gap

All these new rules might make you wonder: how do boards keep up?

Until recently, there was no centralized way to track deadlines or regulatory obligations. Property management platforms cover routine operations, including collecting dues and scheduling maintenance, but they do not cover Florida’s recent compliance requirements. As a result, boards have been left to rely on attorneys for every statutory question, a costly and inefficient approach that still leaves liability squarely on the shoulders of volunteer board members.

“It’s so difficult to stay compliant when there is no system to track looming deadlines and property managers are already overwhelmed with everything else on the property,” said Laura Murray, Founder & CEO of Domexa Labs, attorney, and former condo board president. “That is why my partner and I created My Condo Compliance - to give boards the real-time guidance and tracking tools they need.”

My Condo Compliance is a Florida-built proptech SaaS platform dedicated exclusively to condominium compliance. Automated reminders help keep deadlines in check, compliance reports simplify audits, and AI chat functionality makes statutory language accessible in plain English. One board president summed up the challenge: tracking the ever-changing patchwork of inspection dates, filings, and legal paperwork without a dedicated tool is a recipe for costly errors.

The financial ripple effects are severe: non-compliance can render a building ineligible for insurance or drive premiums higher, and lenders, including Fannie Mae, track over 1,400 Florida condos where financing is limited - often due to past due building recertifications, poor finances, or incomplete insurance. Staying compliant can mean the difference between access to affordable association insurance and unit sales financing, or being locked out entirely.

Financial Pressures and the Value Imperative

The financial strain on communities is undeniable. WSJ data confirms prices have fallen 1–6% annually since 2024, with older metro condos losing over 22% in value over two years. Meanwhile, the costs of living in these buildings have soared: insurance, HOA fees, and special assessments (sometimes ranging from $10,000 up to $200,000 or more per unit) outpace many residents’ expectations. When compliance is neglected, the impact cascades: buildings depreciate faster, insurance becomes unattainable, mortgage eligibility evaporates, and unit sales stall.

Amid these pressures, one fact stands out: compliance, well-funded reserves, and transparency are central to preserving property value and ensuring marketability, particularly in markets like Florida. Associations that keep up with laws and embrace diligent management are simply better positioned for long-term stability and sustained owner confidence, even in the face of a shifting and sometimes unpredictable market.