Buying a Condo on the Forgotten Coast? Here's How Florida's Milestone Inspection and Reserve Rules Work
Posted by Billy Joe Smiley on
Do Florida's condo milestone inspection and reserve rules apply to the condo I want to buy on the Forgotten Coast?
Only if the building is three habitable stories or taller. Florida's milestone inspection law and the Structural Integrity Reserve Study requirement both key off that three-story threshold, and plenty of the low-rise condo and townhome buildings on this coast sit below it. For buildings that do qualify, the milestone inspection is due by December 31 of the year the building turns 30, and the reserve study gives you a written, dollar-by-dollar picture of what the building needs. Both are genuinely good news for a buyer, because they turn what used to be guesswork into documents you can read before you ever write an offer.
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