Can a Florida condo waive structural reserve funding?

For a budget adopted on or after December 31, 2024, a unit-owner-controlled association that must obtain a SIRS may not vote to provide no reserves or reduced reserves for the structural items listed in 718.112(2)(g). Reserves for non-structural items may still be waived or reduced by majority vote of the total voting interests, with the required bold-capital warning on any such proxy question.

What to keep on file

• Adopted budget showing structural reserve line items funded per the SIRS
• Meeting minutes

Source

General information, not legal advice. Confirm with association counsel.