Florida Condo Law Changes Effective July 1, 2025 | Updated Disclosures & Timelines

Highlights of the New Disclosure Rules and Forms

 Comprehensive Rider to the Florida Realtors®/Florida Bar Contract for Sale and Purchase (CR-7)

Updated to reflect changes to Section 718.503 of the Florida Condominium Act.

• Extends the buyer’s right to review condo association documents from three to seven business days (excluding weekends and holidays).

• Requires sellers and their agents to provide this disclosure using the newly updated form, effective for all contracts signed after July 1, 2025.

• These updates were developed by the Florida Realtors–Florida Bar Joint Committee as part of ongoing revisions to improve buyer protections.
  This is a critical timeline change for anyone buying into an HOA or condo association.

 CRSP17x_F Condominium Addendum (Addendum to the Contract for Residential Sale and Purchase – CRSP17)

This updated addendum now:

• Notifies all parties and licensees that sellers are responsible for completing the form.

• Reflects the new seven business day review period for buyers to evaluate:

  • Condominium documents

  • Milestone inspections

  • Turnover inspections

  • Structural Integrity Reserve Study (SIRS) reports
     These changes empower buyers with more time to make informed decisions in high-stakes markets like Pensacola Beach, Destin, and Navarre.

 Cooperative Addendum (COOP-4)

Mirroring the updates in the condo forms, the revised COOP-4:

• Includes provisions for milestone inspections and SIRS disclosures

• Provides seven business days for the buyer to review all cooperative documents

• Clarifies seller responsibilities and inserts a notice section for buyer-seller coordination
  ???? This ensures consistent protection across all shared ownership structures—not just condominiums.

???? More Updates You Should Know

These changes complement other provisions including:

• Association websites must display board minutes for the last 12 months by January 1, 2026

• Financing disclosures are now part of year-end financial statements

• Non-structural reserve item thresholds have increased from $10,000 to $25,000, indexed annually

• CSRS (Structural Integrity Reserve Study) deadline extended to December 31, 2025, for pre-July 2022 condos

• Associations may now invest reserve funds in CDs or insured bank accounts

• Addendum A has been revised to require association and management company identification at the top

???? Timeline Recap

• July 1, 2025: All new forms and disclosure periods go into effect

• December 31, 2025: Deadline for CSRS compliance for older buildings

• January 1, 2026: Mandatory association websites must be live with required documents

???? Next Steps for Buyers and Sellers

If You're a Buyer: