Partly. Florida requires residential condominium and cooperative associations to complete a structural integrity reserve study at least every 10 years for buildings three habitable stories or higher, and owner-controlled associations can no longer waive reserves for the items it covers. We found no reserve study requirement for homeowners associations in Fla. Stat. 720.303.
Last verified October 12, 2026 by ReservePath research.
| Reserve study required | For some associations |
|---|---|
| Applies to | Condominiums, Cooperatives, HOAs and planned communities |
| How often | Every 10 years |
| Site inspection required | Yes |
Residential condominium and cooperative associations must complete a structural integrity reserve study (SIRS) at least every 10 years for each building that is three habitable stories or higher [Fla. Stat. 718.112(2)(g), 719.106(1)(k)]. We found no reserve study requirement for homeowners associations in Fla. Stat. 720.303, where reserve accounts are optional. (see sources)
The structural integrity reserve study must be based on a visual inspection of the property. A milestone inspection done within the past 5 years may be used for the visual inspection part if it meets the statute's requirements. (see sources)
Condominium and cooperative buildings of three or more habitable stories need a milestone inspection by December 31 of the year the building turns 30, and every 10 years after that. A local agency may set the first inspection at 25 years. A Florida licensed architect or engineer must perform it. Phase two is required only if phase one finds substantial structural deterioration (Fla. Stat. 553.899). (see sources)
Condominium budgets must include reserves for roof replacement, building painting, pavement resurfacing and any item with a deferred maintenance or replacement cost over $25,000, adjusted for inflation. For budgets adopted on or after December 31, 2024, an owner-controlled association that must have a SIRS may not waive or reduce reserves for the SIRS items, or use them for other purposes. Reserves may be funded by regular assessments, special assessments, lines of credit or loans, with a majority vote of all voting interests needed for the last three. The SIRS funding plan must at least keep the reserve cash balance above zero. Cooperatives have similar rules (Fla. Stat. 719.106). For homeowners associations, reserves are optional unless the owners vote to set them up (Fla. Stat. 720.303(6)). (see sources)
The association must send the SIRS to owners, or tell them it is available, within 45 days of receiving it, and file a statement with the state. Buyers of condominium units are entitled to the most recent SIRS and the milestone inspection summary, or a statement that they have not been completed, and contracts must carry conspicuous notices (Fla. Stat. 718.503). An HOA whose budget has no reserves must print a statutory capital letter notice in its financial report (Fla. Stat. 720.303(6)). (see sources)
The SIRS visual inspection must be performed or verified by a Florida licensed engineer or architect, or by a reserve specialist or professional reserve analyst certified by the Community Associations Institute or the Association of Professional Reserve Analysts. (see sources)
ReservePath supports full studies, updates with a site visit and updates without one, 30-year funding projections, and study renewal reminders based on the cycle you set for each study. It includes in-app compliance guidance for each state as a starting point. The preparer and the association's attorney remain responsible for confirming what the law requires.
Residential condominium and cooperative associations must complete a structural integrity reserve study (SIRS) at least every 10 years for each building that is three habitable stories or higher [Fla. Stat. 718.112(2)(g), 719.106(1)(k)]. We found no reserve study requirement for homeowners associations in Fla. Stat. 720.303, where reserve accounts are optional.
Every 10 years under the statutes listed on this page. The structural integrity reserve study must be based on a visual inspection of the property. A milestone inspection done within the past 5 years may be used for the visual inspection part if it meets the statute's requirements.
The SIRS visual inspection must be performed or verified by a Florida licensed engineer or architect, or by a reserve specialist or professional reserve analyst certified by the Community Associations Institute or the Association of Professional Reserve Analysts.
Condominium budgets must include reserves for roof replacement, building painting, pavement resurfacing and any item with a deferred maintenance or replacement cost over $25,000, adjusted for inflation. For budgets adopted on or after December 31, 2024, an owner-controlled association that must have a SIRS may not waive or reduce reserves for the SIRS items, or use them for other purposes. Reserves may be funded by regular assessments, special assessments, lines of credit or loans, with a majority vote of all voting interests needed for the last three. The SIRS funding plan must at least keep the reserve cash balance above zero. Cooperatives have similar rules (Fla. Stat. 719.106). For homeowners associations, reserves are optional unless the owners vote to set them up (Fla. Stat. 720.303(6)).
The association must send the SIRS to owners, or tell them it is available, within 45 days of receiving it, and file a statement with the state. Buyers of condominium units are entitled to the most recent SIRS and the milestone inspection summary, or a statement that they have not been completed, and contracts must carry conspicuous notices (Fla. Stat. 718.503). An HOA whose budget has no reserves must print a statutory capital letter notice in its financial report (Fla. Stat. 720.303(6)).
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