Condominium due diligence

Buying a Florida Condo

The unit is only part of the purchase. The association’s finances, building condition, rules, and insurance can materially affect ownership.

Lisa Donini, REALTOR® · Florida Sales Associate SL3428731 · Beach Place One Real Estate Group

Read the governing documents

Review declarations, bylaws, rules, budgets, meeting records, applications, leasing and pet restrictions, parking, and approval procedures.

Understand financial obligations

Evaluate regular assessments, reserves, current or proposed special assessments, insurance deductibles, and known capital projects.

Current budget
Reserve information
Assessment history
Recent meeting minutes

Investigate the building

Consider required inspection reports, structural or milestone information where applicable, maintenance history, flood exposure, and major shared systems.

Confirm use restrictions

Verify leasing, minimum rental periods, occupancy, renovation, vehicle, pet, and approval rules directly from current association documents.

Use authoritative sources

Verify the property, not the assumption.

Public records and maps are starting points. Confirm current facts with the agency, association, insurer, lender, inspector, attorney, or other qualified professional responsible for that subject.

Florida property-tax resources Florida insurance consumer resources FEMA Flood Map Service Center

Questions this guide answers

What should I know about read the governing documents?