Florida’s condominium market is in turmoil due to new laws causing financial strain for Homeowners Associations (HOAs). Enacted on July 1, 2024, and known as the “DeSantis Condo Law” or “Condo 3.0,” these laws mandate fully funded reserves, mandatory inspections for buildings over three stories after 30 years, and reserve studies for large maintenance repairs. The resulting fee surges and special assessments have led many condo owners to sell at significant losses, doubling the number of condos for sale in South Florida to 18,000 units since early 2023. Governor Ron DeSantis is considering a special legislative session to address these issues, acknowledging the need for adjustments to ease the burden on condo owners.