Under Florida’s landmark Structural Integrity Reserve Study (SIRS) and Milestone Inspection laws, multi-story buildings must complete comprehensive structural safety inspections and maintain fully funded financial reserve accounts. These are legally mandated buyer protections.
Behrmann Group Tip: Before closing, always request the SIRS Report and Milestone Phase 1 results. These documents confirm the building’s structural health and shield you from surprise Special Assessments for costly roof, seawall, or elevator repairs right after move-in.
What to Request From the Association:
- SIRS Report with a detailed Funding Percentage breakdown.
- Milestone Phase 1 Inspection Results.
- Current Reserve Account Balance Statement.
- Estoppel Letter confirming no pending Special Assessments.