Florida Condo Fees and Assessments Soared in 2025

Owners face rising monthly costs and special assessments as buildings address long-term maintenance and insurance mandates.

Updated on Sept. 20, 2026 in Residential

Bold vector editorial illustration of a concrete building column casting a sharp, dark shadow, representing rising condo costs. — Florida condo owners face rising monthly dues and hefty special assessments as associations struggle to fund mandatory structural repairs and surging insurance premiums. AI Illustration. Upload story photo >

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Do you believe the new condo structural repair requirements are worth the higher monthly fees?

In 2025, Florida condo associations increasingly issued significant special assessments and raised monthly dues to meet new structural safety requirements. These financial pressures have led to a surge in liens and foreclosure filings for owners across the state.

Why it matters

The passage of Senate Bill 4-D requires condo associations to fund long-term reserves for deferred maintenance, forcing costs onto unit owners. This shift is compounded by building insurance premiums that have doubled or tripled in many locations since 2020.

Florida recorded 45,025 HOA liens and 9,531 foreclosures in 2025, while insurance premiums jumped 49.5 percent between 2020 and 2025. Individual units have faced massive assessments, including charges as high as $134,000 at the Cricket Club and $400,000 at Mediterranean Village.

The players

Florida Senate

The legislative body that passed Senate Bill 4-D to mandate structural inspections and reserve funding for residential associations.

The details

Condo associations are issuing special assessments or raising dues when operating budgets fail to cover mandated maintenance and surging insurance premiums. Non-payment of these assessments can lead to legal action, including liens and foreclosure by the association. Consequently, market data shows that 92 percent of condos currently listed in major Florida markets have already experienced a price reduction.

2020-2025: Florida insurance premiums rose 49.5 percent.
2021: The Champlain Towers South collapse occurred in Surfside.
2022: Senate Bill 4-D was passed into law.
2025: Florida recorded 45,025 HOA liens and 9,531 foreclosures.
Early 2026: National HOA foreclosure filings surged nearly 40 percent.

Money Landscape

The current financial strain on Florida condo owners follows the enactment of Senate Bill 4-D, which ended decades of reserve funding waivers. This structural shift is occurring against a backdrop of insurance costs that have spiked nearly 50 percent in five years.

Owners should review their condo association's reserve study and budget to identify potential upcoming special assessments. If you are struggling to meet these payments, consult a qualified financial or tax professional to discuss your rights and options regarding payment plans or potential liens.

The takeaway

The rise in condo costs is a direct result of mandatory structural funding and insurance hikes that have outpaced income growth for many households. Review your association's latest financial filings to understand if your building is adequately funded for upcoming maintenance requirements.