Florida’s New Condo Law Takes Effect July 1st 2025

Florida’s New Condo Law Takes Effect July 1st 2025:

What Buyers and Sellers Need to Know

Starting July 1st, 2025, a new law will reshape how condominium transactions are handled across Florida. With changes to Section 718.503 of the Florida Condominium Act, the legislation extends the time frame for potential buyers to review condominium association documents—offering more transparency and protection in the buying process. But that’s just the beginning.

Whether you’re a buyer, seller, or industry professional, understanding these updates is essential for navigating Florida’s dynamic condo market.

1# Extended Review Period: From 3 Days to 7 Days

One of the most notable changes is the extension of the document review period for buyers. Previously, purchasers had just three business days to examine association documents after receipt. Under the new law, that window is now expanded to seven days, excluding weekends and holidays.

This gives buyers more time to carefully review:

Association bylaws and rules
Financial reports and annual budgets
Reserve studies and building inspection reports
Pending or upcoming special assessments and litigation

This extra time is particularly valuable for out-of-state and international buyers, who may need time to consult with legal or financial advisors before committing to a purchase.

2# Why This Law Matters Now

These updates are part of Florida’s ongoing response to concerns about building safety and financial transparency—a response accelerated by the 2021 Surfside condominium collapse. Extending the review window is one of several changes aimed at increasing buyer awareness and reducing post-closing conflicts.

The law aims to:

Give buyers greater peace of mind
Encourage responsible financial practices by condo associations
Promote safer, more sustainable communities

3# New Forms Rolling Out

In response to the legal updates, Florida Realtors® will release revised versions of major real estate forms on July 1st, including:

CR-7 Comprehensive Rider
CRSP17x F Condominium Addendum
COOP-4 Cooperative Addendum

These documents will include the extended review period and revised language on milestone inspections, turnover reports, and Structural Integrity Reserve Studies (SIRS).

Sellers should ensure they’re using the latest forms to remain compliant and avoid avoidable delays.

4# What Buyers Should Look For

With the additional time granted, buyers should fully review association documents, especially:

Financial stability: Are the reserves fully funded? Are large assessments planned?
Rules and restrictions: Are pets, rentals, or renovations allowed?
Building health: Has the required milestone inspection or SIRS been completed?

Buyers should also confirm whether they’ll be responsible for any future special assessments that haven’t yet been adopted.

5# Tips for Sellers

If you’re preparing to sell your Florida condo, these changes mean it’s time to get organized:

Prepare documentation in advance: Buyers will be examining everything closely. Having updated, well-organized association documents ready shows transparency and professionalism.
Account for a longer closing timeline: The extended review period means buyers have more time to consider their purchase. Be sure this aligns with your own moving or financial plans.
Use updated forms: Starting July 1st, outdated paperwork could lead to delays or compliance issues. Work with a qualified agent who is familiar with the new legal language and forms.

Be transparent about your condo association’s condition: Whether it’s an upcoming repair, recent inspection, or reserve level, providing honest answers builds buyer trust and can even speed up negotiations.

🧭 Navigating the Changes with the Right Team

Understanding the new law is just the beginning—guidance matters. Working with knowledgeable real estate professionals can make the difference between a smooth transaction and a stressful one.

At AJ International Group Naples, we specialize in helping both local and international buyers and sellers navigate the intricacies of Florida’s condo market. With firsthand expertise in reviewing governing documents, identifying red flags, and staying ahead of legal changes, Alexandra and Juergen are the trusted team to help you buy or sell with confidence.

📌 Final Thoughts

The revised Florida Condominium Act, effective July 1 st, 2025, represents an important shift toward greater transparency, safety, and buyer protection. By extending the document review period from 3 to 7 days and updating contractual language, Florida is helping ensure that real estate transactions are more informed and secure.

Whether you’re exploring a beachside condo or preparing to list yours for sale, now is the time to understand your rights—and partner with a team who knows how to guide you.

Have questions about what this law means for your condo plans? Reach out to Alexandra & Juergen—we’re here to help every step of the way.

REALTORS® Alexandra Janz and Juergen Haeringer Are Your Premier Real Estate Brokers

At Alexandra Janz AJ International Group Naples, the team of Alexandra Janz & Juergen Haeringer, Broker Associates & Luxury Properties Specialists with William Raveis-Florida, LLC, help clients realize their dreams of purchasing a luxury home and basking in the glow of the Naples and Southwest Florida luxury lifestyle. Alexandra is not only an expert in the real estate market in Naples and Southwest Florida, but in international markets as well.

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