Florida 'condo cliff' coming as owners deal with Surfside fallout

For some associations, the costs are in the millions of dollars, and condo owners, many of whom are retirees on fixed incomes, are on the hook.

By: CNBC

Dec 10 2024
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Florida 'condo cliff' coming as owners deal with Surfside fallout — Florida 'condo cliff' coming a

After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings that are at least 30 years old, as was the Champlain tower tha... [1413 chars]

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