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SB 690

Condominium Structural Integrity Reserve Studies

2025 Regular Session Introduced by Rosalind Osgood

SB 690 would have required Florida condominiums to conduct regular structural integrity reserve studies to ensure financial capacity for building repairs and maintenance.

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Bill Summary · SB 690

Legislative bill overview

SB 690 would have established new requirements for Florida condominium associations to conduct and maintain structural integrity reserve studies. The bill aimed to ensure that condominiums have adequate financial reserves to address building defects and structural problems, with specific timelines and standards for these reserve assessments.

Why is this important

Florida's condominium market represents substantial consumer investment, and building failures—particularly following the Champlain Towers collapse in 2021—raised serious questions about reserve adequacy and structural oversight. Mandatory reserve studies with clear standards could help prevent financial crises for residents when major repairs become necessary and protect property values.

Potential points of contention

  • Cost burden on associations: Mandatory structural studies and increased reserve requirements could raise monthly fees for unit owners, potentially making condominium living less affordable
  • Industry compliance concerns: Condominium management companies and developers may have opposed stricter regulations as administratively burdensome or potentially reducing property sales attractiveness
  • Definition and enforcement ambiguity: Questions likely arose about what constitutes adequate reserves, who conducts studies, and what penalties apply for non-compliance

Compiled from official sources — confirm details with the bill’s official record.

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