Talahassee, Fla. (WFLA) – Since the annual collapse of surfside apartment complexes in 2021, state lawmakers have been pushing for condominium reform.
This year’s law employs a broader shift towards transparency, protecting buyers and surveillance, but some say it’s not going well enough.
Auto insurance rates fell 7% in 2025, Desantis says
For some condominium owners, high fees and insurance concerns remain, even after the governor sang the latest bill to the law.
“Insurance is a huge issue and no one is working on it,” said condo owner Ronnie Drimer.
This year’s condo bill is considered a step in the right direction and is tweaking what’s already in place. The lawmakers listened to the owners of the condominium unit and traveled around the state to ask how they could help.
Daniel Blake, director of housing and advocacy at the Miami Real Estate Association, talks about the long-term goals lawmakers should aim for.
“I think Congress did an amazing job of listening to unit owners and making adjustments to them,” Blake said. “That’s why I’m sure there’s Condo 4.0 where we mentioned it and Condo 5.0.”
This year’s products allow the association to use a line of credit, extend preliminary learning requirements, and hold association managers accountable.
So, what’s next?
“There’s certainly one more item we want to see. It’s insurance,” Blake said.
The latest legislation aims to strengthen and clarify insurance requirements, but stakeholders aim to start to fall.
“That’s something we’re waiting with concern,” Blake said. “You know the Fed talked about it and projected it, and that didn’t happen to the point we want to see. So we’re still looking at it and wanting interest rates because it has a bigger impact than any of this law we’re working on.”
The state legislator said people can look forward to future condo reforms for the next session, focusing on insurance.
