ANALYSIS HB 913 (ER) -- CONDO 3.0
CHAPTER XIV
The bill amends
section 718.302(1) ,
F.S.
-
The bill removes the term “prior to” and substitutes the
term “before” relating to agreements
entered
into
by
the
association
before .
assumption
of control
of
the association
by
unit owners other than the developer.
-
The bill amends the cancelation of grants, reservations and
contracts under section 718.302(1)(a) F.S.
-
The bill requires that
an
association operating in only one condominium, and the unit
owners other than the developer have assumed control of the
association, the term “not less than” is removed and
replaced with “at least” 75 percent of the voting interests
in the condominium.
In addition, the
bill adds verbiage to include those who own 90 percent of the
voting interests in a non-residential condominiums with 10 or
fewer units, cancellation concurrence must be at least 75
percent of the voting interests other than the developer.
If not cancelled, the association must make new agreements,
reservations and contracts.
-
The bill amends the cancelation of grants, reservations and
contracts under section 718.302(1)(b) F.S. The bill
requires concurrence of a cancellation by
an
association operating more than one condominium, and with
unit owners other than the developer who have not assumed
control of the association, owning at least 75 percent of
the voting interests in the condominium that “beginning
July 1,
2025,
own
at least
90 percent
of
the
voting interests if the
condominium
is a
nonresidential
condominium
consisting of
10
or
fewer units.”
