New Legislation: Impacting Aventura Condominiums
July 7, 2022
The City of Aventura was proud to host their own Senator, Jason Pizzo, as well as Senator Jennifer Bradley, who sponsored the New Condo Legislation, Senate Democratic Leader Lauren Book and Speaker Designate of the Florida House, Daniel Perez for a Town Hall on the new Law. If you missed the Town Hall, you can find a full video of the Event on the City's YouTube Page At: https://www.youtube.com/watch?v=4rLp4Z0nzCk
Under the new Law, buildings in Aventura will undergo an Initial Recertification 25 years after Construction. Under the Prior Law, this Recertification was done after 40 years. Once Recertification takes place, buildings will undergo Recertification every 10 years. Recertification requires that the building undergo Structural and Electrical Inspections and make any necessary Repairs.
Condominiums will now be required to undergo a Reserve Study to determine their needs every ten years and Fully Fund Reserves for Structural Integrity. Associations have until 2025 to achieve Fully Funded Reserves. This Requirement only applies to Structural Reserves. Funds for things such as upgrading the appearance of Common Areas or Replacing Furniture or Equipment remain at the discretion of each Association.
Last year, The City of Aventura Adopted the First Legislation in Florida which requires all of its buildings to submit any Engineering Reports it receives to the City. All Engineering Reports Submitted to the City are published on the City of Aventura’s Web-Site and are available for viewing to the Public At: https://www.cityofaventura.com/