Eric Glazer's recent blog, "So You Want to Sell Your Condominium Unit?" highlights a critical aspect of condominium sales: sellers' responsibility to disclose detailed information to prospective buyers. This duty isn't just a legal requirement; it reflects transparency and trust in condominium governance.

As Glazer points out, selling a condominium is a complex transaction. The seller's obligations under Florida Statute 718.503(2)(a) ensure buyers have access to a wealth of essential documents, from the condominium declaration to structural integrity reserve studies. While this may seem overwhelming, these disclosures ultimately protect everyone involved in the transaction—ensuring buyers are fully informed, and sellers avoid future disputes.

Why Transparency Matters

Transparency in condominium sales fosters confidence in the community and supports property values. A well-prepared seller demonstrates respect for the law and builds trust with the buyer, setting the tone for positive interactions moving forward.

This process goes beyond compliance. It's an opportunity to showcase the strengths of your association. A complete, organized set of documents can reassure prospective buyers that the community is well-managed and financially stable.

How Boards and Managers Can Help

Condominium boards and managers play a vital role in this process. Maintaining updated records, ensuring easy access to key documents, and proactively preparing for statutory requirements—like the mandate for condo websites—can make the seller's job significantly easier. A board that provides timely, accurate information not only helps current owners but also enhances the overall reputation of the community.

It's worth noting that there has been a recent improvement in these requirements. Previously, only condominiums with 150+ units were mandated to have a website. This requirement has been extended to include condominiums with 25+ units, with a compliance deadline of January 1, 2026. This shift ensures smaller communities are held to the same standards of transparency and accessibility as larger ones, leveling the playing field and enhancing governance across all condominium sizes.

Taking Action Now

Why wait until the deadline to meet these requirements? Creating a community website now can streamline the disclosure process, improve communication, and enhance transparency. A centralized platform where owners can access necessary documents, meeting notices, and financial updates simplifies life for both current and prospective owners.

Looking Ahead

Selling a condominium unit comes with significant responsibilities, but it also presents an opportunity to highlight the community's strengths. By staying organized, embracing transparency, and proactively meeting legal requirements, sellers and boards can ensure smooth transactions and foster trust in the community.

Let's use these requirements not as hurdles but as stepping stones to better governance and stronger communities. By embracing transparency and staying ahead of statutory deadlines, we can create a positive experience for everyone involved in the sale process.