Florida Requirements for a Reserve Study
What Florida Associations Need to Know About Reserve Studies
Florida Reserve Study Requirements
Florida condominium and homeowners’ associations (HOAs) should conduct reserve studies to ensure adequate long-term funding for major repairs and replacements of shared property components. These studies help communities stay compliant with state statutes, support financial stability, and protect property values. Knowing what’s expected under Florida’s reserve study laws helps boards make informed, proactive decisions for their members.
Florida HB 913 & Reserve Study Legislation
Florida House Bill 913, passed in 2025, reinforces and expands the structural integrity reserve study obligations introduced by SB 4-D. The law is aimed at improving safety and financial preparedness in Florida’s aging condominium and cooperative housing stock.
Why It Matters
HB 913 significantly tightens the obligations placed on board members, elevating the importance of professional, well-documented reserve studies. It is no longer sufficient to budget “as needed”—there must be formal financial plans backed by structural inspections and record keeping.
Edge Realty Advisors ensures all studies are completed in accordance with Florida’s evolving legal framework. We guide boards from inspection to implementation, offering legal summaries, funding tools, and long-term planning models.
Key Legislative Changes
Extended Deadlines
Communities now have until December 31, 2025—or in some cases, 2026 if aligned with milestone inspections—to complete their first SIRS.
Component Thresholds
Items under $25,000 in replacement value may be excluded from SIRS calculations, allowing focus on major systems.
Funding Affirmations
Boards must review SIRS results and sign affidavits affirming their understanding and intentions to fund accordingly.
Pause Provisions
Associations may temporarily pause reserve contributions if conducting urgent post-inspection repairs.
Digital Reporting
Associations must register and update records with the DBPR, promoting transparency and accountability.
Dual-Track Funding: Structural vs Non-Structural
Florida law now draws a distinct line between mandatory structural components and optional items in reserve studies. Associations must reserve for essential safety-related systems but may choose to fund other assets at their discretion.
These components may be funded by reserve or general operating funds, and contributions may be waived by member vote.
Track 1
Structural Integrity (SIRS)
Track 2
Reserve Components
Why It Matters
Keeping these funding streams separate helps ensure legal compliance for SIRS items, owner flexibility for non-structural features and clear financial communication to boards and homeowner.
Edge Realty Advisors prepares dual-track reports for every applicable client, using clear labeling and parallel funding paths. This helps associations manage priorities while maintaining transparency and flexibility.
Understanding the New SIRS Timeline and Requirements
Florida’s new Structural Integrity Reserve Study (SIRS) law—House Bill 913—has reshaped the way condominium and cooperative associations approach reserve funding and long-term planning. The deadline for completing initial SIRS reports has been extended to December 31, 2025, giving communities additional time to prepare while tightening other compliance and funding requirements.
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Managers and board members rely on us to deliver not just compliance—but clarity. From technical accuracy to presentation readiness, we help you prepare with confidence.