Condominium Inspection Services

Required Condominium Maintenance
Pursuant to the 2008 Florida Statute 718.113(6) any condominium building greater than three stories in height, at least every 5 years, and within 5 years if not available for inspection on October 1, 2008, the board shall have the condominium building inspected to provide a report under seal of an architect or engineer authorized to practice in this state attesting to required maintenance, useful life, and replacement costs of the common elements. However, if approved by a majority of the voting interests present at a properly called meeting of the association, an association may waive this requirement. Such meeting and approval must occur prior to the end of the 5-year period and is effective only for that 5-year period.

Replacement Reserve Study
A Replacement Reserve Study is a third party determination of the estimated replacement costs and the life expectancy of common property to be maintained and replaced by a condominium association (business or residential).These reports guide the determination of association monthly dues to assure adequate funds are being assessed. This report is pursuant to the Florida Statute 718.112(2)(f) (Annual budget) requirements. The statute states that reserve dollars are set aside for capital expenditures and deferred maintenance of a condominium property.