![]() All it takes is a simple majority vote of the condo unit owners who show up at a condo board meeting to postpone the need for expensive set-asides.īut amid reports that the Champlain Towers South had just over $777,000 in reserves to pay for what was estimated by inspectors as a $16.2 million repair bill, and concerns raised by structural engineers about the upkeep of the building, questions have emerged about whether the legal loophole is allowing maintenance to be dangerously deferred, especially in the state’s most aging high-rises. Inspector Who Said Florida Tower Appeared in ‘Good Shape’ Is Now Under Scrutiny 8:54 PM The chief building official of Surfside, Fla., had worked in at least six South Florida cities. Cooling towers, evaporative condensers, and fluid. ![]() ![]() The deadly collapse of Champlain Towers South in Surfside has brought a little-noticed loophole in Florida law to the attention of lawyers, condo management companies, Realtors, insurance companies and consumer advocates.Ĭalled the “kick the can down the road” provision by one attorney, Section 718.112 of the Florida Condominium Act allows condominium associations to waive the rule that their boards set aside adequate cash reserves to pay for needed building improvements. Has the facility been under a boil water notice Has the fire suppression system recently been tested.
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