FAQs Published by DBPR In late October 2022, the Florida Department of Business and Professional Regulation Division of Florida Condominiums, Timeshares and Mobile Homes published FAQs related to SB 4-D. The following responses to a couple of the questions help provide some clarification: 1. Whether 1 or 2 story condos will be permitted to waive reserves “The division does not consider this provision to base an association’s ability to waive reserves on the number of stories that an association’s buildings have.”
2. Whether pooling of reserves will still be permissible “Yes.”
3. Who is qualified to perform the Structural Integrity Reserve Study “...may be performed by any person qualified to perform such study, but the visual inspection portion must be performed by a licensed professional engineer or licensed architect .”
9 (2/8/2023)
Made with FlippingBook - Online Brochure Maker