Florida Statutes: Condominium and Cooperative Associations and CAM/CAM Firms [Chapter 2025-175, HB 913, Effective July 1, 2025]
F.S. 718, 719, and 468 : The amendments were made to F.S. 718 (condominium) and 719 (cooperative) associations, and 468 (Miscellaneous Professions and Occupations), Part VIII (Community Association Management): Chapter 2025-175 (HB 913) Summary of Effects on Management, Condominiums, and Cooperatives
● Management contracts are required to include specific statutory language related to professional standards of a CAM or CAM firm. This includes assurance that the CAM or CAM firm may not agree to waive professional standards. ● To protect the association’s interests, a community association must act timely if notified of a license suspension or revocation of a CAM or CAM firm’s license. ● It is in the best interest of the community association to consult with its legal counsel when considering management service contracts regarding conflicts of interest related to compensation. F.S. 468.432 Licensure of community association managers and community association management firms; exceptions. (2)(h) A person who has had their CAM license revoked may not have an indirect or direct ownership interest in, or be an employee, a partner, an officer, a director, or a trustee of a CAM firm during the 10-year period after the effective date of the revocation. Such a person is ineligible to reapply for certification or registration under this part for a period of 10 years after the effective date of a revocation. F.S. 468.432(3) was amended to add that licensed CAMs and CAM firms must create and maintain an online licensure account with the DBPR. Included with this account, a CAM must identify the CAM firm for which they provide management services and identify which association(s) for which they are the designated onsite CAM. It requires that the licensee must update their online licensure account within 30 days after any change to the required information. On their online licensure account, CAM firms must identify the CAMs it employs. If a CAM has their license suspended or revoked, the Department must notify both the CAM firm and association for which the CAM provides management services. Furthermore, the Florida Condominium Act, F.S. 718.111, was amended to state that board members and officers of an association must ensure that the CAM or management firm is properly licensed before entering into a contract. If a CAM or CAM firm’s license is suspended or revoked during the term of a contract, the association may terminate the contract upon delivery of written notice, effective on the date the manager or firm became unlicensed. F.S 468 requires a CAM and CAM firm to discharge duties performed on behalf of the association as authorized by this statute loyally, skillfully, and diligently; dealing honestly and fairly; in good faith; with care and full disclosure to the community association; accounting for all funds; and not charging unreasonable or excessive fees. However, F.S. 468.4334(1)(a) was amended to require that a CAM or CAM firm is prohibited from knowingly taking any action directed by the community association that violates state or federal law. F.S. 468.4334(1)b , expanded the requirements relating to responsibilities of milestone inspection requirements or the SIRS requirements, in F.S. 718.112(2)(G) and F.S. 719.106(1) (k), that the CAM or the CAM firm must comply with “ those sections ” as directed by the board. F.S. 468.4334(1)(c) was added to require a contract between a CAM or CAM firm and the association to provide a written statement in at least 12 point type (shown below), if it applies to the type of management services provided in the contract:
Community Association Management, F.S. 468, Part VIII
• The bill creates additional requirements relating to the licensure and regulation of community association managers and community association management firms. • The bill also prohibits any design professional or contractor from having an interest in a firm or entity providing a milestone inspection for an association, unless the interest is disclosed. • Amends requirements relating to SIRS, milestone inspections, and condominium and cooperative association governance and management. • Extends the deadline for certain associations related to completing a Structural Integrity Reserve Study (SIRS) to December 31, 2025. • Allows an association, subject to certain requirements and limitations, to utilize special assessments, lines of credit, or loans to fund reserves. ○ To pool reserve accounts. ○ To use a baseline funding plan for its reserve funding schedule. ○ To invest reserve funds in certificates of deposit or depository accounts without a vote of the unit owners. ○ To conduct board and unit owner meetings via video conference. • Allows all multi-condominium associations to use an approved alternative funding method to satisfy reserve funding obligations. • The bill requires local enforcement agencies to submit to the DBPR certain information relating to association compliance with milestone inspection requirements annually.
Condominiums F.S. 718 and Cooperatives F.S. 719
Management: F.S. 468 was amended as described in the following paragraphs, including posting new penalties for License Revocations. Community associations, CAMs, and CAM firms are impacted in the following ways: ● Community associations must verify that its CAM or CAM firm holds a current, valid license with the DBPR. ● A CAM or CAM firm is required to provide prompt notification of any changes to license status, including suspensions or revocations.
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Book Code: CAMFL1526
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