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New Florida Real Estate Laws Take Effect July 1, 2025: What Buyers, Sellers & Owners Need to Know

New FL Real Estate Laws - July 1st!

Florida’s real estate landscape is shifting again with new legislation taking effect July 1, 2025, impacting condo associations, HOAs, insurance rules, and buyer protections. Whether you’re a current homeowner, investor, or planning to buy or sell in Southwest Florida, these changes could affect your next move.


Let's breakdown the key updates:


Condominiums & HOAs: More Flexibility and Transparency

  • Structural Inspections & Reserve Funds: Condominium associations in buildings with three or more habitable stories now have until December 31, 2025, to complete their mandatory structural integrity reserve studies. Associations may also pause reserve fund contributions for up to two years post-inspection, offering temporary financial relief.

  • Exemptions for Smaller Properties: Lower-rise buildings and smaller associations may qualify for exemptions from certain costly assessments, offering additional breathing room for older, smaller communities.

  • More Time for Buyers: Buyers now have 7 business days (excluding weekends and holidays)—up from 3—to review condo documents before contract. This gives buyers greater protection and time to make informed decisions.

  • Condo Website Requirements: Condo association websites must now post the last 12 months of board meeting minutes, increasing visibility and accountability for residents and potential buyers.


Insurance & Financial Assistance

  • Surplus-Lines Insurance (HB 1549): Agents are no longer required to search every authorized carrier before issuing a surplus-lines policy. However, buyers must now receive clear, bold-faced disclosure that surplus-lines policies are not approved by the state.

  • “My Safe Florida Home” Program: A total of $280 million is allocated for hurricane mitigation grants, with priority given to low-income households and seniors. A new inspection-only option is now available for those looking to evaluate their home’s vulnerability.

  • Down Payment Assistance: The state earmarked $50 million to help essential workers—including teachers and first responders—with down payments on a home.


Buyer & Seller Rules

  • Condo Contract Protections: That extended 7-day document review period also applies to buyers signing condo purchase contracts—a welcome change that reduces buyer remorse and surprises at closing.

  • Flood Insurance Disclosures: Since October 2024, sellers are required to disclose any prior flood claims and inform buyers that standard homeowners insurance does not cover flood damage. This disclosure is now mandatory in all sales contracts.


HOA Transparency & Homeowner Protections

  • Curbing Excessive HOA Powers: New laws (in effect since July 2024) prohibit fines for minor décor, gardens, or other harmless property features—limiting overreach from HOA boards.

  • Digital Transparency (HB 1021): Starting in 2025, HOAs must publish digital copies of governing documents, rules, and meeting minutes. They must also enforce consistent architectural standards and face penalties for board misconduct or abuse of authority.


Florida’s new real estate laws mean:

  • Condo owners gain more time and flexibility for compliance.

  • Buyers enjoy stronger protections and better insight into flood risks.

  • Homeowners see more accountability and fairness from HOAs.

  • Insurance disclosures are clearer and better regulated.

  • Essential workers receive more financial help to purchase homes.



~ Felicia

 
 
 

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