If you want to add a new roof to strengthen your condo, Florida lawmakers say you shouldn't expect financial assistance to cover rising costs.
After the Surfside condo collapse in 2021 that killed nearly 100 people, laws were passed that require older condos to do milestone inspections - and set aside money for big repairs.
As conversations continue about potential changes in condo laws, lawmakers say new proposals won't direct financial assistance.
Lawmakers say the legislature is not in the business of bailing out condo owners since they believe a condo is a private property like a home.
Some condo associations have charged owners huge assessments to set aside reserves for major repairs, in addition to hiked insurance costs.
Other lawmakers say new ideas might come up as discussions continue with the Legislature session that begins in March.
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