How to Read a Hollywood Condo Structural Integrity Reserve Study

§718.112(2)(g), Fla. Stat. requires a residential condominium association to obtain a SIRS at least every 10 years after creation for each building of three or more habitable stories, subject to the statute's timing provisions. The study, including its visual inspection, must be performed or verified by a Florida-licensed engineer or architect, or a reserve specialist or professional reserve analyst certified through the Community Associations Institute or Association of Professional Reserve Analysts.

Required components include the roof; load-bearing structure and primary structural systems; fireproofing and fire protection; plumbing; electrical systems; waterproofing and exterior painting; windows and exterior doors. Other items are included when their deferred-maintenance or replacement cost exceeds $25,000 or the division's inflation-adjusted threshold, whichever is greater, and their failure negatively affects the listed components. It is not a blanket rule covering every $25,000 purchase.

The current statute includes transition deadlines and coordination or delay provisions tied to qualifying milestone inspections. Ask the association for its documented applicable deadline rather than assuming a universal completion date.

1. Component inventory — confirm every required item appears. A missing item is a question for the board.
2. Remaining useful life (RUL) — short numbers (a few years) on expensive items signal near-term spending.
3. Estimated replacement cost — check the date of the estimate. Older pricing can understate today's cost.
4. Funding plan — the recommended annual contribution per component, which you will compare with the budget.

Compare the funding schedule with the adopted budget, reserve balances, assessments and any approved financing. Funding a schedule is not the same as having the entire replacement cost of every component sitting in cash today.

Under §718.112(2)(f), Fla. Stat., for budgets adopted on or after December 31, 2024, a unit-owner-controlled association required to obtain a SIRS generally cannot vote to waive or reduce required SIRS reserves or repurpose them outside permitted replacement and deferred-maintenance uses. Current law contains limited exceptions and authorized funding alternatives. For budgets adopted on or before December 31, 2028, qualifying associations that completed a milestone inspection within the previous two calendar years may, with majority approval of total voting interests, pause or reduce contributions for no more than two consecutive annual budgets to fund recommended repairs; a new SIRS is required before contributions continue. Multicondominium alternatives and termination provisions also require separate analysis.

Request the vote, financing documents and revised schedule if an exception is claimed. Have association counsel or your own attorney assess compliance; this guide does not determine whether a specific budget is lawful.

• A study predates significant repair work or omits the preparer's qualifying credentials.
• Expensive components have short remaining useful lives but no documented funding or repair schedule.
• The budget claims reserves were waived without identifying a statutory basis.
• The component threshold is quoted as a fixed $25,000 without checking the current inflation adjustment.

Read the monthly dues guide alongside the study, and ask for written explanations instead of treating a low monthly payment as proof of adequate reserves.

It does not tell you whether there is active deterioration today (that's the milestone inspection), what your unit's insurance costs (that's HO-6), or how the board will vote. Read it alongside the inspection report, budget and minutes.