Florida Lawmakers Reject Special Session on Condos

Florida lawmakers have decided not to hold a special session to address the ongoing condo crisis, despite Governor Ron DeSantis' push for urgent action before the end of the year. House Speaker Daniel Perez emphasized that the focus should be on finding solutions rather than rushing into a special session, with discussions planned for the regular legislative session starting in March 2025. The looming deadline for condominium associations to complete reserve studies and safety inspections, set for December 31, has raised concerns among owners facing steep fee increases. Many owners are experiencing soaring costs following mandatory reforms implemented after the 2021 Champlain Towers South collapse, which require associations to maintain adequate financial reserves for repairs. Despite assurances from lawmakers that no units will be lost due to non-compliance by the deadline, uncertainty remains about the long-term implications for those unable to meet the requirements. A large summit on condo issues is planned for December 3 to gather input from stakeholders.