A similar Senate proposal ( SB 1742) would allow condo associations to use lines of credit or obtain loans to fund repairs.

The condo association’s master policy generally covers shared or common areas, such as the building’s hallways, elevators, walkways, and community pool, along with the building’s exterior.

Florida enacted a law requiring inspections and reserves for condo buildings after the Champlain Towers South collapse. The law has led to financial burdens for condo owners, including increased ...