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Law that allows condos to delay repairs under scrutiny
Now, many interest groups and public officials want the law to be updated.
 
 
From left, Maria Fernanda Martinez and Mariana Cordeiro comfort each other while they look at the rubble at the Champlain Towers South condo in Surfside, Florida, on June 25, 2021. [ DAVID SANTIAGO | Miami Herald ]
Updated Earlier today
TALLAHASSEE — 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.
Called 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. All it takes is a simple majority vote of the condo unit owners who show up at ....

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