Structural Integrity Reserve Study: Florida Statute SB-4D

One of the key requirements of SB-4D is the reserve study. A reserve study is an analysis of the building's structural condition and the estimated costs of future repairs and replacements. The study must be updated every 10 years.

The reserve study must include the following information:

• The estimated remaining useful life of the building's major components.

• The estimated cost of repairs and replacements for each major component.

• The amount of money that the association needs to set aside each year to fund the repairs and replacements.

The reserve study is an important tool for condominium and cooperative associations to assess the financial health of their buildings and to plan for future repairs and replacements. By having a reserve study, associations can avoid surprises and ensure that they have the money they need to keep their buildings safe and in good condition.

In addition to the reserve study, SB-4D also requires condominium and cooperative associations to perform a visual inspection of their buildings every year. The visual inspection should be conducted by a qualified professional and should include a review of the building's exterior, interior, and common areas.

The visual inspection should look for any signs of damage, deterioration, or defects. If any problems are found, the association should take steps to repair or replace the affected components.

The visual inspection is an important way to identify and address potential problems before they become serious. By conducting regular visual inspections, condominium and cooperative associations can help to keep their buildings safe and in good condition.

SB-4D is a comprehensive law that is designed to improve building safety in Florida. By requiring reserve studies and visual inspections, the law helps to ensure that condominium and cooperative buildings are safe for residents.

Here are some additional tips for condominium and cooperative associations when it comes to reserves, visual inspections, and reserve studies:

• Choose a qualified professional to perform the reserve study and visual inspection.

• Make sure that the professionals are familiar with the requirements of SB-4D.

• Review the reserve study and visual inspection reports carefully and ask questions if you do not understand anything.

• Take steps to address any problems that are identified in the reports.

By following these tips, condominium and cooperative associations can ensure that they are in compliance with the law and that they are protecting the safety of their residents.