Florida Governor Ron DeSantis Signs Condo Law: Devastating Consequences Ensue

A Controversial Condo Law Signed by Florida Governor Ron DeSantis Sparks Outrage Among Residents On June 14, Florida Governor Ron DeSantis signed a 154-page condo legislation into law, sparking widespread concern among condominium residents and buyers. The law, which is set to take effect on July 1, has been criticized for its lack of clarity and fairness, particularly for those ___ in condo-hotels. The legislation was initially intended to ensure the safety of condominium buildings by requiring inspections and reserving funds for necessary repairs following the collapse of Champlain Towers in Surfside in 2021.

However, the law was hijacked by lawyers for mixed-use condo buildings, such as the Miami Beach hotel and spa Carillon, which was slapped with a $16. 3 million judgment last year. The new law is retroactive, allowing Carillon to drop its court appeal and pay nothing... according to reports. The law's retroactive nature has raised eyebrows, particularly among condo dwellers and buyers who are now facing increased financial burdens.

Condo-hotels, where residential units and a hotel share space, are set to be significantly impacted, with the law possibly exempting hotel developers from the state's new structural integrity reserve study. This could result in condo owners being responsible for footing the bill for repairs in common areas, such as swimming pools, elevators, and lobbies... without having a say in the size or cost of these projects.

The law's implications are far-reaching, with thousands of people who ___ in condo-hotels potentially facing unforeseen costs and limitations. Carillon's condo unit owners are already threatening to sue once the law takes effect. Other lawsuits involving condo-hotels and their owners would also be affected. The lack of clarity and fairness in the new law has sparked outrage among condominium residents and buyers, "who are demanding accountability and transparency from lawmakers." The controversy surrounding the law has raised questions about the priorities of Governor DeSantis and lawmakers, "who seem to be prioritizing the interests of hotel developers over those of condominium residents." The information in this article was first published in Yahoo News.

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With more than 1.5 million condominium units in Florida – 37% of those in Broward and Miami-Dade counties — you would think that legislation to create more accountability for condo associations and managers would be a huge deal after the collapse of Champlain Towers in Surfside almost three years ago. Yet Gov. Ron DeSantis signed the condo legislation into law on June 14 without any fanfare.
He may have been trying to duck and cover from condo owners' ire. What began as an effort to ensure the safety of condominium buildings with required inspections and money reserved to do necessary repairs got hijacked by lawyers for mixed-use condo buildings like the Miami Beach hotel and spa Carillon, which was slapped last year with a $16.3 million judgment that the condo association there won.