If you own a condo in Florida, you know the market is chaotic right now. Assessments are rising, insurance is scarce, and tensions are high. However, a massive legal shift recently took effect that hands power back to the owners. The state calls this the “Transparency Rule,” which is part of recent legislative overhauls like HB 1021.
For decades, condo boards operated in the shadows. Previously, they signed contracts with friends and hid financial reports in a drawer. Now, the state mandates that any condo association with 25 or more units must maintain a digital, accessible website. This isn’t just a suggestion; it is the law. Consequently, if your board still forces you to file a written request to see the budget, they are likely breaking the rules.
