Florida condo owners, we see how hard this has been. Since 2024, many older high-rises have lost value, while insurance costs, reserve requirements, and surprise assessments keep climbing. The 2021 Champlain Towers South tragedy shook us all, leading to stricter safety rules like milestone inspections and full funding for reserves. Sales dipped—median condo prices fell 6.7% year over year here in Florida and buyers grew cautious, wary of hidden risks. Yet recent changes, including new transparency laws effective January 1, offer a path to rebuild trust and stabilize your community.
New Laws Demand Action—and Deliver Transparency
Laws like SB 154 (2023), HB 1021 (2024), HB 913 (2025), and the latest provisions now require boards in buildings three stories or taller to step up. You must schedule structural reviews on time, fully fund reserves through Structural Integrity Reserve Studies (SIRS), and keep digital records owners and regulators can easily access. Local rules often add even more layers.
The freshest update shines brightest: associations with 25 or more units must maintain a public website posting governing documents, meeting info, contracts, structural reports, bank statements, ledgers, board minutes, and even video recordings. Buyers get seven days (up from three) to review these and cancel if needed—time to dig into hundreds of pages with a CPA or attorney. “Our goal has always been to increase transparency and accountability,” Danielle Blake, the chief of residential and advocacy at MIAMI Association of Realtors, said. “One of the big things they have done is that the Department of Business and Professional Regulation and the Florida Building Commission had to develop a form that will be the standard form for SIRS, so that when people are comparing SIRS for different properties they are comparing apples to apples. That provides more transparency and we are very much in favor of that.”
Experts agree this pulls paperwork into the light. “This new law drags the association’s paperwork into daylight, and that helps owners spot trouble early,” says attorney Chad D. Cummings of Cummings & Cummings Law. Real estate investor Ron Myers adds, “For buyers, this gives them more peace of mind. They can see upfront if the building is financially healthy or if there are red flags.” Jeff Lichtenstein, CEO of Echo Fine Properties in Palm Beach, notes it levels the playing field: “Now, you’ll know the health and status of financials and well-being of the structural aspects of the condominium as a whole, not just the unit.”
Non-compliance hits hard personal liability for board members, lost occupancy certificates, or blocked insurance and loans. But staying current protects everyone.
Why Spreadsheets and Emails Fall Short Now
Boards juggle so much: deadlines, reports, records. Old-school tools handle dues and vendors fine, but they miss Florida’s specific rules. Attorneys help, yet volunteers still bear the weight and costs add up.
“From a buyer and agent standpoint, the information gap has been the biggest problem,” said Adam Cohen, co-founder of proptech software company Domexa Labs and a South Florida realtor with more than 15 years of experience. “Critical documents exist, but they’re scattered, outdated, or hard to interpret. That uncertainty slows transactions, affects pricing, and pushes buyers toward newer buildings, even when older communities are doing the right things.”
Enter My Condo Compliance from Domexa Labs, a straightforward SaaS platform tailored for Florida condos. It sends automated reminders for inspections and filings, creates audit-ready reports, and uses simple AI chats to explain rules in plain terms. No more spreadsheet chaos; just tools that keep you safe and on track.
How Compliance Shields Your Finances and Future
Ignore these steps, and trouble snowballs: uninsurable buildings, sky-high premiums, or “non-warrantable” status that scares off Fannie Mae loans and buyers. Sales stalled nationwide condo prices dropped 1.9% year over year in late 2025, the worst since 2012, as buyers favor single-family homes amid uncertainty.
“Compliance is no longer a property manager function; it’s a financial strategy reliant on the board,” Laura Murray, Domexa Labs CEO, said. Like her co-founder, Laura’s experience is first-hand, as an attorney and former condo board president.
“Buildings that can clearly demonstrate structural diligence, reserve planning, and timely reporting are far better positioned with insurers, lenders, and buyers. Transparency doesn’t just reduce risk; it actively protects long-term value for owners.”
Get ahead, though, and you unlock better insurance rates, easier financing, and steady values. Transparent websites build buyer confidence, cutting “surprise” assessments. “The chaos of the last four years is at the tail end,” Lichtenstein says. Proactive boards foster trust, ease owner stress, and help communities thrive even in volatile markets.
Owners, you’re not alone. Lean on the right tools, embrace these changes, and communicate openly. Your home and investment deserve that care.











