ANALYSIS HB 913 (ER) -- CONDO 3.0

CHAPTER XV

• Condominiums created within a portion of a building or within a multiple parcel building: Line 2759 - 2779

The bill requires that a specified report be provided to an association within a certain timeframe after the end of the fiscal year; requiring that copies of receipts and invoices be included with the report; authorizing the division to impose penalties under certain circumstances; authorizing an association to challenge the apportionment of certain costs of the shared facilities within a certain timeframe; providing

Section 15. Subsection (4) of section 718.407, F.S..

Section 718.407(4), F.S. adds a new paragraph (b) and (c).

(b) Within 60 days after the end of each fiscal year, the owner of a portion of a building that is not subject to the condominium form of ownership shall provide to the association a complete financial report of all costs for maintaining and operating the shared facilities. Such report must include copies of all receipts and invoices. If such owner fails to provide the report and copies of the receipts and invoices to the condominium association within the 60-day period, the division may impose penalties and otherwise enforce and ensure compliance with this subsection.

 

(c) Within 60 days after receipt of the complete financial report, the association may challenge any apportionment of costs for the maintenance and operation of the shared facilities.  A. challenge under this paragraph is governed by s. 720.311, F.S.

 

LEGISLATIVE SESSION

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