Florida SIRS & Reserve Study FAQ

Understanding the requirements of Florida’s Structural Integrity Reserve Study (SIRS) and traditional reserve studies can be challenging for many associations. This FAQ answers the most common questions about timelines, legal obligations, funding expectations, and the differences between SIRS and reserve studies. Whether you’re a board member, property manager, or community leader, this guide will help you navigate Florida’s updated laws, maintain compliance, and ensure your community remains financially and structurally sound for years to come.

Q: What is a SIRS?
A Structural Integrity Reserve Study is a Florida-mandated assessment and funding plan focused on critical building components.

Q: Who is required to conduct one?
Condominium or cooperative buildings with three or more habitable stories must conduct a SIRS every 10 years.

Q: What’s the cost threshold for reserve inclusion?
Any single component with a replacement value of $25,000 or more must be included in the SIRS.

Q: Can owners vote to waive contributions?
No. For SIRS components, waivers are not allowed. These items must be fully funded under Florida law.

Q: What happens if we don’t comply?
Non-compliance can result in loss of insurance eligibility, legal liability for board members, regulatory penalties, and owner lawsuits.

Q: Who can perform a reserve study or SIRS?
Credentialed reserve professional with experience in building systems and cost modeling, licensed Florida engineer, or architect.

Q: How often should our full reserve study be updated?
Every 3–5 years is recommended for a full update, with annual or financial reviews every 1 to 2 years to stay on track.