Under section 718.112(2)(g), a residential condominium association must complete a structural integrity reserve study at least every 10 years for each building three or more habitable stories tall. It covers the roof, structure, fireproofing and fire protection, plumbing, electrical, waterproofing and exterior painting, and windows and exterior doors. For budgets adopted on or after December 31, 2024, an owner-controlled association that needs a study generally cannot vote to fund less than required for those items, which can mean higher monthly dues.
At a sale, the estoppel certificate shows what has been levied and what is owed, and the contract decides who pays installments that fall due later. We go through the milestone report, the reserve study, the budget and recent board minutes along with the estoppel before committing to a number, and our purchase does not depend on a lender approving the building. This is general information, not legal advice; talk to a Florida community-association attorney about your building.