Law Passed After Surfside Collapse Affecting Florida’s Real Estate Market

Miami Condo Collapse

A new Florida condominium law is affecting the Sunshine State’s real estate market. The new measure requires costly inspections, significantly increasing homeowners’ costs.

The law — Senate Bill 4D — was passed during a special session in 2022 and requires condominium associations to retain adequate funds for building repairs. Buildings three stories or higher are subject to inspection requirements.

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