HOA Q&A: Are one- and two-story condominiums required to have reserves for maintenance? - Treasure Coast News
Florida HOA law requires all condominiums, regardless of height, to maintain reserves for capital expenditures and deferred maintenance, unless waived by a vote of unit owners. This article clarifies that one- and two-story condos are not exempt from reserve requirements.
Aforeworn detected this change in the HOA & Condo Board Rules space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. Self-managed boards and management companies of low-rise condominiums in Florida should confirm how it applies to their specific situation before acting. There is a time constraint attached: Ongoing; next budget cycle or before next fiscal year. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors HOA & Condo Board Rules continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Clarification that reserve requirements apply to all condominiums, not just high-rises
Who it affects
Self-managed boards and management companies of low-rise condominiums in Florida
What you must do
Ensure reserve accounts are funded per Florida Statute 718.112(2)(f) or obtain a waiver vote from unit owners
Deadline
Ongoing; next budget cycle or before next fiscal year
Never miss a change like this again
Aforeworn watches HOA & Condo Board Rules around the clock and alerts you the moment a rule moves — with a plain-English brief on what to do.
Start your free trialRelated changes in HOA & Condo Board Rules
- Florida's Dec. 31 Milestone Inspection Deadline Spotlights Condo Concrete Repair Needs - The National Law Review
- New Georgia laws taking effect July 1 target HOA disputes, crypto scams, and school zones - The Cool Down
- Nevada HOA rule could let boards pile on unlimited fines — and even force homeowners to foreclose, critic warns - The Cool Down
- Condo Boards Will Soon Need to Fatten Their Reserves - Habitat Magazine
- Law to Save Coloradans Money on Property Insurance Goes Into Effect - Colorado Senate Democrats