No. SB 638
Filed under Housing.
Condominium Associations; Requiring condominium associations to maintain turnover certificates and annual reports as part of their official records; requiring the board of administration of a condominium association to file with the Division of Condominiums, Timeshares, and Mobile Homes a turnover certificate within a specified timeframe; requiring the division to create and maintain a searchable electronic database of turnover certificates, etc.
Plain English Summary
AI-GENERATEDNew boards must file a turnover certificate with the state within 30 days of electing a majority of unit owners.
The state will create a public online database of these certificates, including the condominium's name, address, and turnover date.
The statute of limitations for association lawsuits is tolled until unit owners elect a majority of the board.
Turnover certificates and annual reports become mandatory official records that the association must maintain.
AICreates a new legal duty for condominium boards to file a turnover certificate with the state division within 30 days of electing a majority of unit owner board members.
AIRequires the Division of Florida Condominiums to create and maintain a publicly accessible, searchable electronic database of all filed turnover certificates.
AIMandates that condominium associations must keep a copy of their turnover certificate as part of their official records.
AIPrevents the statute of limitations for association lawsuits from starting until unit owners elect a majority of the board, with specific exceptions for certain claims.