New florida condo law4/6/2024 A renter has a right to inspect and copy only the declaration of condominium and the association’s bylaws and rules.The previous version of the law required bids to be kept for 7 years. Bids for work to be performed must be maintained for at least 1 year after receipt of the bid.The Florida Condominium Act has been amended to address certain record-keeping requirements and records access provisions: Section 718.111(12), Florida Statutes: Official Records The practical impact of this change remains to be seen, and associations should address questions to their insurance agent. There is a fair amount of litigation involving this issue, most frequently when the “HO-6” (individual unit) insurer sues the association after having paid a unit owner claim. “Subrogation” refers to the insurance carrier assuming the right of its insured to attempt to collect from the party alleged to be responsible for damage. The new law provides that if a condominium association’s insurance policy does not provide rights for subrogation against the unit owners, an insurance policy issued to an individual unit owner may not provide rights of subrogation against the association. Section 627.714(4), Florida Statutes: Insurance Subrogation Today, we will start with the main bill, Senate Bill 630, which became effective July 1, 2021. Beginning this week, this column will begin its yearly review of legislative changes affecting community associations.
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