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Old 05-17-2024, 10:12 AM
 
Location: Sarasota/ Bradenton - University Pkwy area
4,641 posts, read 7,614,606 times
Reputation: 6079

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MILESTONE INSPECTIONS

Effective May 26, 2022, mandatory structural inspections are required for condominium and cooperative association buildings three (3) stories or taller. These "Milestone Inspections" are performed by a licensed architect or engineer, authorized to practice in the state of Florida.

TIMELINE
Applicable buildings must have a Milestone Inspection once the building reaches a certain age and then every 10 years thereafter.

If your building reached 30 years of age before July 1, 2022, the building’s initial milestone inspection must be performed before December 31, 2024.
If your building reaches 30 years of age on or after July 1, 2022, and before December 31, 2024, the building’s initial milestone inspection must be performed before December 31, 2025.
If your building reaches 30 years of age on or after December 31, 2024, it will need to be inspected by December 31 of the year in which it reaches 30 years of age.
Building age is based on the date the certificate of occupancy for the building was issued. If that is not available, other official building records may be used as evidence of the age of the building.

EXEMPTIONS
These requirements do not apply to single-family homes, two-family homes (duplexes), three-family homes (triplexes) with three or fewer habitable stories above ground or multi-family buildings that are not condominium/cooperative and are classified as an apartment building. Habitable space includes areas for living, sleeping, eating or cooking. Storage or utility spaces are not considered habitable spaces.



Anyone owning or thinking of buying an older condo in FL should keep these milestone inspections in mind regarding older 3 or more story condo buildings (such as many of those found on Siesta Key.....).
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Old 05-17-2024, 11:12 AM
 
Location: Florida
4,907 posts, read 14,180,130 times
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Two story buildings with parking underneath are considered "three stories" so keep that in mind.

The Milestones and SIRS (Structural Integrity Reserves Study) will detail maintenance that needs to be followed up on and may have the effect of added increases in maintenance fees and/or special assessments as well.
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Old 05-17-2024, 04:26 PM
 
92 posts, read 78,571 times
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Will the milestone inspection reports be available to the public?
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Old 05-20-2024, 11:45 AM
 
Location: Florida
4,907 posts, read 14,180,130 times
Reputation: 2348
Quote:
Originally Posted by gosouth01 View Post
Will the milestone inspection reports be available to the public?
If your association has already had the milestone performed, the results should be posted on association website for owners only. Buyers must also be provided with the milestone results.
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Old Today, 06:32 AM
 
37,340 posts, read 60,105,612 times
Reputation: 25358
Quote:
Originally Posted by Ladywithafan View Post
If your association has already had the milestone performed, the results should be posted on association website for owners only. Buyers must also be provided with the milestone results.
Our SIL kept his 1/1 condo when our daughter bought house for them probably 15 yrs ago…
His is on the Esplanade on Venice Island close to Inn on the Beach…

I was hoping he would sell it a few years ago when the market got hot enough for even 1/1 condos to sell but he didn’t
Now his mom is moving from her out of state home to live there so another reason for him not to sell
His COA seems to maintain the buildings in the assoc pretty well and have had special assessments in past for things like resurfacing the parking lot and replacing the water lines but it is an older development.
The real estate crash didn’t impact it as much as others because so many condos were still owned by original buyers and had been paid off, thus didn’t have many foreclosures…
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