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Proposed bills to reform homeowners associations being reviewed in Tallahassee, Florida

We hear from attorneys representing both property owners and HOA's about these bills.

This week's standouts: Top professionals, business people on the move in Palm Beach County

Top Palm Beach County business professionals moving up within their industry or standing out in their community.

A 2020 report found Surfside condo lacked funds for necessary repairs. One expert called it a 'wake-up call'

A 2020 report found Surfside condo lacked funds for necessary repairs. One expert called it a 'wake-up call' A 2020 report found Surfside condo lacked funds for necessary repairs. One expert called it a 'wake-up call' Posted: Jul 8, 2021 6:10 PM Updated: Jul 8, 2021 6:10 PM Posted By: By Casey Tolan, Curt Devine and Francesca Giuliani-Hoffman, CNN An independent budget review warned the Champlain Towers South condo association that its financial reserves were critically underfunded in the face of urgently needed structural repairs a little over a year before the building collapsed, a document obtained by CNN shows. The condo association only had 6.9% of the recommended level of money to complete repair and replacement projects and stay financially secure, according to a March 2020 report from Association Reserves, a company that analyzes housing association finances.

REPORT:SURFSIDE CONDO LACKED FUNDS FOR REPAIRS

REPORT:SURFSIDE CONDO LACKED FUNDS FOR REPAIRS AP By Casey Tolan, Curt Devine and Francesca Giuliani-Hoffman, CNN An independent budget review warned the Champlain Towers South condo association that its financial reserves were critically underfunded in the face of urgently needed structural repairs a little over a year before the building collapsed, a document obtained by CNN shows. The condo association only had 6.9% of the recommended level of money to complete repair and replacement projects and stay financially secure, according to a March 2020 report from Association Reserves, a company that analyzes housing association finances. The report said that various components of the Surfside, Florida, building had zero years of “remaining useful life.” Those included the entrance and garage — where some experts believe concrete cracking may have contributed to last month’s deadly collapse.

Report found Surfside condo association was deeply underfunded as repair bills piled up

Attorneys call for task force following Surfside collapse to recommend reforms

Condo Law Experts Urge Governor to Empanel Special Task Force for Statewide Reforms in Wake of Surfside Building Tragedy

Law firm calls for special task force after Surfside condo disaster