More than 12,000 condominium buildings in Florida are subject to new regulations put in place after the collapse of a Surfside building in 2021. They were supposed to be inspected by the end of last year for any structural problems. Fewer than 40% have disclosed the results of their inspections.
The majority of condo buildings in Florida that were supposed to receive their milestone inspection by Dec. 31, 2024 — almost two months later — hadn't turned in the results.
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An older residential building is undergoing repairs to all of its balconies |
Compliance is far lower in southwest
Florida where less than a third of buildings in Lee and
Collier counties have reported inspection results. About
four of 10 buildings needing inspections in Pinellas County
have them completed.
While most buildings needing inspections have yet to turn in
results, it is not known what results for buildings that
have completed the work show. The Department of Business and
Professional Regulation publishes a database listing the
buildings that have to follow the inspection regulation. It
also updates a list of the condo associations that have
submitted their studies. The studies themselves have not
been released to the public. However, the a building's study
has to be provided to owners of condos in that building.
There are two characteristics a condo building has to meet
to be subject to the rules. They have to be at least three
stories tall and they have to be at least 30 years old.
The inspection that was due by the end of last year is known
as a milestone inspection. A licensed architect or engineer
has to make a visual inspection of the major structural
components of a building…load bearing walls and other
elements that help keep the building standing.
If no signs of trouble are spotted, that’s it.
If the inspection turns up something, then the building has
to undergo a phase two inspection. That inspection
concentrates on specific structural issues and goes beyond
simply a visual look. This phase two inspection has to be
completed within six months of spotting a potential problem.
Assessments for condo owners have been going up. Buildings
with a structural issue that comes up during one of these
inspections may have to levy a special assessment to pay for
the fixes.
There is a separate regulation that requires condo
associations to start saving money for regular repairs. That
has led some to hike their regular monthly assessments.
A study by the Miami Association of Realtors found that
regular monthly fees in Miami-Dade and Broward have risen
45% in the past four years with much of the increase coming
since these new regulations were passed.
There is no specific penalty for condo associations that do
not get a required inspection. The law assigns any penalties
to local enforcement agencies. Condo owners may sue their
own associations to force it to conduct the inspection. The
real estate market may impose its own penalties through
falling prices of units in uninspected buildings. Condo
buyers could get cold feet if an older condo building hasn’t
complied with the law.