Florida Retirees Face Condo Assessment Risk

A recent report said older Florida condo assessments can range from ~$50K to >$100K, creating large short-term costs beyond routine insurance budgeting.
Qualifying Florida condo buildings three stories or taller may need milestone inspections at 30 yr, sometimes 25 yr near salt water, then every 10 yr.
Current Florida rules generally require reserves for key structural components, and owners generally cannot waive them, so underfunded buildings may use special assessments or loans.
Selling may not erase the issue: unresolved repairs or assessments can shape negotiations, and condo contracts now must flag missing required inspections or reserve studies.
For older Florida condos, review the latest reserve study, inspection findings, reserve funding, association records, approved assessments, possible new charges, and fee history.