Building Safety Act Overview

Summary

Non-Waiver of Reserves (reserves must be fully funded)

Milestone Inspection – Phase 1

Milestone Inspection – Phase 2

Structural Integrity Reserve Study

Condos ≥ 3 Stories

YES (before 12/31/2024)

Only if required by Phase 1 Report

YES (by 12/31/2024)

YES (by 12/31/2024)

NO (but recommended by Seven Lakes)

Condos 1 & 2 Stories

YES (by 12/31/2024)

NO

NO

10 (2/8/2023)

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