Yes — Florida requires reserve funding for condominium and cooperative associations, and buildings three or more habitable stories tall must obtain a structural integrity reserve study (SIRS) at least every 10 years under Fla. Stat. § 718.112(2)(g). For budgets adopted on or after December 31, 2024, unit owners can no longer vote to waive or reduce reserves for SIRS structural components. Homeowners' associations under Chapter 720 are only required to fund reserves if reserves were established by the developer or by a majority vote of members.
Verified against the statute 2026-07-06
Reserve and SIRS mandates apply to residential condominiums (Ch. 718) and cooperatives (Ch. 719); the SIRS specifically applies to buildings three or more habitable stories in height. Chapter 720 homeowners' associations have no reserve mandate unless reserves were established by the developer or by majority member vote.
SIRS at least every 10 years for buildings three or more habitable stories (§ 718.112(2)(g)); companion milestone inspections at year 30 (25 if required locally) and every 10 years thereafter (§ 553.899). No statutory study cycle for Ch. 720 HOAs.
For budgets adopted on or after December 31, 2024, associations that must obtain a SIRS may not provide no reserves or less-than-required reserves for the SIRS structural components — the historic waiver vote is eliminated for those items. HB 913 (2025) permits funding SIRS reserves via loans, lines of credit, or special assessments with majority owner approval, and allows a delay of the SIRS for up to two consecutive budget years following a milestone inspection while repairs are underway. Ch. 720 HOA reserves, once established, may still be waived or reduced annually by majority vote.
Condo budgets must present required reserves and the SIRS informs the reserve schedule; milestone inspection reports and the SIRS are association official records that must be made available to owners and prospective purchasers. Ch. 720 HOA financial reports without fully funded reserves must carry the statutory warning that the budget "does not provide for fully funded reserve accounts" and that special assessments may result.
Florida's structural integrity reserve study (§ 718.112(2)(g)), created by SB 4-D (2022) after the Surfside collapse and refined by SB 154 (2023) and HB 913 (2025), requires every residential condominium building three or more habitable stories high to have a SIRS completed at least every 10 years. The SIRS must cover the roof, load-bearing structure, fireproofing and fire protection systems, plumbing, electrical systems, waterproofing and exterior painting, windows and exterior doors, and any other item over $25,000 (inflation-adjusted) whose failure would affect the listed items. It works in tandem with milestone inspections under § 553.899 — due when a building turns 30 (or 25 where required locally) and every 10 years thereafter. For budgets adopted on or after December 31, 2024, owners cannot waive or reduce reserve funding for SIRS components, though HB 913 allows loans, lines of credit, or special assessments as funding sources and a limited two-budget-year SIRS delay after a milestone inspection.
Full guide: Florida SIRS for small condos →Requires a SIRS at least every 10 years for each residential condo building three habitable stories or higher; (2)(f) bars waiving or reducing reserves for SIRS items in budgets adopted on or after Dec 31, 2024. Amended by ch. 2025-175 (HB 913).
Milestone inspections for condo/co-op buildings three habitable stories or more: first inspection by December 31 of the year the building turns 30 (local agencies may require age 25, e.g. for salt-water proximity), then every 10 years.
HOA reserves are mandatory only if initially established by the developer or approved by a majority of the total voting interests; members may waive or reduce funding by majority vote, effective for one budget year at a time.
Re-fetched Fla. Stat. §§ 718.112 and 720.303 on the official leg.state.fl.us site, confirming the 3-story SIRS threshold, 10-year cadence, the $25,000 inflation-adjusted other-item threshold, windows and exterior doors as SIRS items, the Dec 31, 2024 waiver elimination ((2)(f)2.b.), funding via assessments/loans/lines of credit, the two-budget-year SIRS delay after a milestone inspection, amendment by ch. 2025-175 (HB 913), the Ch. 720 one-budget-year waiver rule, and the statutory fully-funded-reserves warning. § 553.899 is cited on the official flsenate.gov statute page and its milestone timing matches the post-SB 154 text. Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Florida. Report an issue.
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