Miami-Dade County To Require Public Disclosures From Condominium and Homeowners Associations

Effective March 1, 2022, all condominium and homeowner’s associations in Miami-Dade County will be required to file critical information regarding the safety and financial health of buildings to a public database by February 1, 2023.

The Miami-Dade County Commission unanimously approved this ordinance following the partial collapse of the Champlain South Tower that killed 98 people on July 24, 2021. This information, which includes financial disclosures, structural safety reports, insurance policies, and maintenance documents, will be uploaded to an online database. Failure to comply with this new ordinance will result in a fine.

Before this legislation, property owners were the only party privy to this information. During the time of sale, Florida law only required sellers to disclose this information to a prospective buyer when a sales contract has been signed and if the buyer requested this information. This legislation aims to bring transparency to the financial and structural health of buildings. Currently, buildings are only required to undergo a recertification inspection every forty years.

For additional information on this topic contact Evelyn Miller, Partner, at 202-753-7400.