Miami, FL HOA Rules: Assessment & Dues (2026)

Under the Florida Condominium Act (§718.112(2)(f)), condo associations must prepare annual budgets including reserves for roof replacement, building painting, pavement resurfacing, and any component with a replacement cost exceeding $10,000. The 2024 condo safety reforms (SB 4-D, effective December 31, 2024) eliminated the ability of condo associations to waive or reduce reserve funding for structural components — reserves for structural integrity items identified in milestone inspections must now be fully funded based on a Structural Integrity Reserve Study (SIRS). HOAs under FL §720 must also prepare annual budgets and reserve schedules, though reserve funding can still be waived by majority vote. Special assessments in condos require proper board resolution and notice; large special assessments may require unit-owner approval depending on bylaw thresholds. Assessments create a statutory lien on the unit (§718.116). Associations can foreclose on assessment liens after a unit is delinquent for over 45 days. Assessment increases in condos are typically limited to 115% of the prior year without member approval. Florida law requires associations to provide estoppel certificates within 10 business days of request.