NEW homeowner association laws may cause some people to be forced to leave their condominiums.

The new laws will increase the maintenance and repair fees by 50 percent in South Florida for 2024, and it is expected that most residents will not be able to afford it in the coming year.

There will also be an increase in insurance and mandatory inspection repairs along with terrace and balcony repairs which were ruled necessary for structural purposes.

The move comes as a new legal requirement to fully fund reserves to better cover future maintenance, Vero News reported.

The new laws are intended to prevent people from “kicking the can down the road” and leaving repairs for future owners, it added.

The concern is for current residents who are already paying high rental fees to live in the area.

The price increase is steep and changes the bracket at which who can afford it.

“The long-term financial ramifications on condo owners are going to be catastrophic,” says Gwen Simmons, the owner and resident of a condominium in the Riverview complex, per Vero News.

Simmons highlighted that the elderly will specifically be affected by the price increase.

The move comes as a new legal requirement to “fully fund” reserves to better cover future maintenance and not allow past residents to 'kick the can down the road'

“Thousands of condominium owners will not be able to pay the assessments, particularly those who are elderly, on a fixed income, and have no significant savings," Simmons added.

The amount of people who will be forced to leave has been referred to as a tsunami and a catastrophe.

It is expected that people will get evicted for not being able to afford it.

“It will be a tsunami,” Simmons said.

“This is going to end in a great catastrophe, with people potentially being evicted from their condominium homes.”