Structural Integrity Reserve Studies (SIRS):

On May 26, 2022, Florida legislators signed Senate Bill 4D into law, which enacted Florida Statute section 553.899. As part of this law, in Florida, all condominium and cooperative buildings that are 25 years old (coastal), 30 years old (3 miles inland), or older must have Milestone I, and possibly Milestone II, inspection(s) conducted, and those Milestone inspections must re-occur every 10 years thereafter. In addition, a Structural Integrity Reserve Study (SIRS) must be performed by a qualified engineer or architect and must include a study of the building structure and envelope components, repairs needed, and the associated estimate for repair. The purpose is to make sure associations are collecting funds to repair and/or maintain the building on the above time schedule.

The study includes, but is not limited to, the following items:

• Roof

• Load-bearing walls or other primary structural members

• Floor

• Foundation

• Stairs and railings

• Elevators and other mechanical systems

• Exterior walls and balconies

• Utilities

• Waterproofing

• Painting

• Mechanical, Electrical, Plumbing, etc.

• Other structural components as deemed necessary by the engineer or architect.

The SIRS must also include an assessment of the building’s reserve funds and a recommendation for how much money should be set aside each year to maintain adequate funds.
The SIRS must be provided to the local building official and the condominium or cooperative association. The association must also provide a summary of the SIRS to all unit owners.

Here are some additional things to keep in mind about the SIRS:

• The SIRS and Milestone Inspection must be paid for by the condominium or cooperative association.

• The association must keep the SIRS and Milestone Inspection reports on file for future reference.

• If the association fails to comply with these requirements, it could be subject to fines or other penalties.

• The money allocated for repairs by the SIRS can only be used for those items.

• The Board of Directors and Property Manager have a Fiduciary Responsibility to the association to properly utilize funds as outlined in the SIRS.

Send Us A Message

To contact us, please use the contact form on this page, or reach out using the information provided below and someone will be in touch soon.