New regulations in Florida are putting financial pressure on condo owners as they face mandatory inspections and costly repairs for aging buildings. Under the SB 4-D Bill, condos 30 years and older must undergo a first inspection by December 31, 2024. This has led to a spike in condo listings, with many owners trying to avoid potential expenses. Retirees, in particular, are struggling, with some blaming condo associations for long-term neglect. Former state senator Jeff Brandes has warned that the deadline could lead to disastrous outcomes for residents.
