Florida HOA Reserve Fund Requirements (2026)
Florida Statutes §§ 718.112, 720.303 (Condominium Act and HOA Act); SB 4D (2022); SB 154 (2023)
Law changed after Surfside — new requirements apply
SB 4D (2022) and SB 154 (2023) were enacted directly in response to the June 2021 Champlain Towers South (Surfside) collapse. These laws require milestone inspections, Structural Integrity Reserve Studies every 10 years, and eliminate the ability to waive or reduce reserves for structural components in condos 3 stories or taller.
Yes
Milestone inspections required for condos 3+ stories at 30 years (25 years near coast), then every 10 years. Structural Integrity Reserve Studies (SIRS) required every 10 years for condos 3+ stories.
None
Condos 3+ stories may NOT waive or reduce reserves for SIRS components. Full reserve funding is mandatory — no vote to waive is permitted. This eliminates the prior practice of owner votes to waive reserves.
Yes
Annual budget must include reserve funding for SIRS components. Condo associations must provide members with reserve funding status. Boards that fail to maintain reserves face personal liability.
Yes
New law passed after June 2021
- Milestone inspections required for condos 3+ stories: first at 30 years (25 near coast), then every 10 years
- Structural Integrity Reserve Studies (SIRS) required every 10 years for condos 3+ stories
- Condos 3+ stories may NOT waive or reduce required reserves — full funding is mandatory
- Annual budget must include full reserve funding for all SIRS components
- Boards and officers face personal liability for failing to maintain required reserves
- HOA Act (ch. 720) requires reserve disclosure in annual budget but does not mandate SIRS for single-family HOAs
Annual budget must include reserve funding for SIRS components. Condo associations must provide members with reserve funding status. Boards that fail to maintain reserves face personal liability.
Fannie Mae requires HOA to allocate at least 10% of assessments to reserves or demonstrate a 10% funding ratio. FHA requires similar. Florida's new laws make reserve adequacy a compliance matter — not just a lender preference.
Fannie Mae requirement
Minimum 10% of assessments allocated to reserves, or a demonstrated 10% funding ratio. Associations below this threshold may face loan-level pricing adjustments or deal failure.
FHA requirement
Similar 10% minimum allocation. FHA-backed financing unavailable for units in HOAs that do not meet the threshold, reducing the buyer pool and depressing values.
- If your condo is 3+ stories, confirm compliance with SB 154 milestone inspection requirements immediately
- Structural Integrity Reserve Studies (SIRS) are legally required every 10 years — budget accordingly
- You can no longer vote to waive or reduce reserves for SIRS components — boards that do so face personal liability
- Owners may experience significant assessment increases as communities fund previously-underfunded reserves
- Consult a licensed Florida structural engineer and HOA attorney to verify your compliance timeline
Related tools for Florida HOA boards
Managing reserves for a Florida HOA? LotWize tracks your reserve contributions automatically.
LotWize helps self-managed HOA boards stay on top of reserve contributions, annual budget preparation, and state-mandated reserve planning — without hiring a property management company.
Start 14-Day Free TrialThis page provides general legal information about Florida HOA reserve requirements only — not legal advice. Reserve laws vary by community type (planned community vs. condominium) and change frequently. Always consult a licensed Florida HOA attorney and review your governing documents for advice specific to your situation. Statute citations accurate as of 2026.