A new Florida condo safety law passed in 2022 has triggered a crisis, leaving condo owners facing sky-high fees and threatening their ability to stay in their homes. The law, aimed at preventing another tragedy like the Champlain Towers South collapse, requires rigorous inspections and financial reserves for older buildings. While well-intentioned, critics argue the new regulations are unfairly burdening homeowners, particularly seniors on fixed incomes, and could lead to foreclosures and displacement.
Canada announces US tariffs on hold for 30 days after Justin Trudeau holds 'good phone call with President Trump'The issue of condo safety has become a lightning rod in Florida since Senate Bill 4D was passed in 2022. Now, lawmakers, Gov.
The divisive law was adopted in response to the partial destruction of the Champlain Towers South condo in the upscale The condo crisis triggered by the rising fees could hit seniors living on a fixed income particularly hard.On top of that, the octogenarian, who is living off his Social Security and savings, was slapped with a $12,000 assessment to replace or fix all the balconies in his condo building.Florida lawmaker Rep. Mike Caruso said the bill could lead to the state’s “next wave of homeless people.
Still, other homeowners have found themselves unable to offload their properties, because they cannot find buyers willing to take on the burden of the stupefyingly high HOA fees.Some Republican lawmakers share homeowners’ concerns, and even DeSantis, who signed Senate Bill 4D into law in May 2022, has called on the state legislature in Tallahassee to reform it.
CONDO SAFETY FLORIDA LAW HOA FEES SURFSIDE COLLAPSE LEGISLATIVE SESSION
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