Condominium owners shouldn’t expect financial “bailouts” to cover increased costs as condo associations try to comply with state laws passed after the 2021 collapse of the Champlain Towers South building in Surfside that killed 98 people, key lawmakers said Tuesday.
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TALLAHASSEE — Condominium owners shouldn’t expect financial “bailouts” to cover increased costs as condo associations try to comply with state laws passed after the 2021 collapse of the Champlain Towers South building in Surfside that killed 98 people, key lawmakers said Tuesday.
With the Legislature discussing potential changes in condo laws, House Speaker Daniel Perez, R-Miami, and Rep. Vicki Lopez, a Miami Republican working on the issue, said new proposals won’t involve direct financial assistance.
