Florida Condo Buyers Get the Full Financial Picture
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New Florida condo law provisions effective January 1 require associations to increase transparency by posting financial records, structural reports, and key documents online, giving buyers clearer insight into a building’s health. The changes aim to restore confidence in Florida’s struggling condo market, which has declined following surprise assessments and safety reforms enacted after the 2021 Surfside collapse. Buyers and investors now have better tools to identify financial or structural risks early, reducing the likelihood of unexpected costs. The law also extends the buyer cancellation period from three to seven days, encouraging more thorough due diligence before purchase.
