

2025 has arrived, ushering in the most significant regulatory changes Florida condominium associations have ever faced. The Structural Integrity Reserve Study (SIRS) deadline has passed, and the consequences are becoming increasingly apparent for associations that failed to act.
While some boards may assume they still have time to catch up, the reality is that delayed action leads to greater challenges and higher costs. The longer associations wait, the more difficult and expensive it will be to comply with Florida’s reserve requirements.
The Cost of Delaying SIRS Compliance
Condo associations that have yet to complete their SIRS report or properly fund reserves are now facing an uphill battle. Here’s why waiting is no longer an option:
1. Vendor Scarcity & Rising Costs
- Engineering firms and reserve study providers are overwhelmed. Availability is limited, and demand is high.
- Last-minute projects come at a premium. Associations that waited will face increased competition and inflated service fees.
2. Rushed Decisions Lead to Costly Mistakes
- Compressed timelines force reactive decision-making, often leading to poor contract terms and overlooked details.
- Hasty planning increases the risk of financial missteps and unexpected expenses.
3. Increased Legal & Financial Risk
- Associations that remain out of compliance face potential lawsuits, lender hesitations, and insurance complications.
- The financial and reputational damage can be substantial and long-lasting.
4. Management Companies May Walk Away
- Community association management firms are prioritizing well-prepared associations.
- Non-compliant buildings may struggle to find quality management or face higher fees due to increased liability risks.
What Should Condo Associations Do Now?
If your association has not yet completed its SIRS evaluation, now is the time to act. Engage professionals immediatelyto:
✔️ Conduct your reserve study
✔️ Identify compliance gaps
✔️ Establish a sustainable funding strategy
The Bottom Line
The longer you wait, the deeper the hole you dig. Associations that fail to act will face skyrocketing costs, limited options, and potential financial distress. Proactive planning is the only way forward.
Interested in learning more about planning for your community association well-being? Request a proposal today for expert guidance on enhancing your association’s operations.