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STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF FLORIDA CONDOMINIUMS

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF FLORIDA CONDOMINIUMS 2025

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The document is a Summary Final Order from the Florida Department of Business and Professional Regulation regarding a petition for arbitration filed by Karen A. Preston against the College Chase Homeowners' Association, Inc. The central issue is whether the Association improperly recalled Ms. Preston from its board of directors. The findings indicate that the recall was invalid due to insufficient valid ballots and failure to hold a required meeting. The arbitrator ruled in favor of Ms. Preston, reinstating her on the board and denying the Association's defense of laches.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do you have to put 20% down on a condo in Florida?

Florida Condo Down Payment Requirements 3.5% Down on FHA Condo Loans. 5% Down Payment for Non-First Time Home Buyers.

Why are condo fees going up in Florida?

THE WINTER PARK WOODS INIUMS ASSOCIATION PROVIDED OWNERS THREE REASONS FOR THE HOA FEE HIKE. ORANGE COUNTY CODE VIOLATIONS, INSURANCE COMPLIANCE, AND SENATE BILL 4D. THE LEGISLATION PASSED IN RESPONSE TO THE SURFSIDE CONDO COLLAPSE IN JUNE 2021.

What is the new law in Florida regarding condos?

The 2022 state condo law, known as SB-4D, and its 2023 follow-up, SB-154, establish three primary requirements: licensed inspections, reporting and disclosures, and reserve funds. Importantly, these laws are not tax legislation that directly increases housing costs on condo owners.

What are the new rules for condos in Florida?

Under new state regulations, iniums must maintain financial reserves for major repairs and conduct structural inspections for buildings three stories or taller. Gov. Ron DeSantis signed the law in response to the partial collapse of Champlain Towers South, which killed 98 people in Surfside in June 2021.

What is going on with condos in Florida?

Florida condo owners will pay more in 2025. Time is running out to sell. Older condo units are flooding the market but demand has dried up. The Florida condo market is recalibrating, as changes to the Condo Act tank the market for 30-plus year old condos, creating uncertainty for the thousands of families who own them.

Who regulates condo associations in Florida?

The Florida Department of Business and Professional Regulations (DBPR) CTMH Division oversees five program areas: iniums, cooperatives, timeshares, mobile homes, and yacht and ship brokers and salespersons.

Who does the DBPR regulate in Florida?

The Department of Business and Professional Regulation (DBPR) is the agency charged with licensing and regulating more than 1.6 million businesses and professionals in the State of Florida, such as alcohol, beverage tobacco, barbers/cosmetologists, iniums, spas, hotels and restaurants, real estate agents and

What is the new law in Florida for condos in 2025?

Starting in 2025, board members of inium associations will face stricter term limits: they can serve for a maximum of eight consecutive years unless two-thirds of the unit owners vote to keep them on. The state is also ing down on conflicts of interest.

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF FLORIDA CONDOMINIUMS 2025

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