Comprehensive Reserve Studies by a Licenses Professional Engineer
Florida Statutory Requirements: Structural Integrity Reserve Studies
Per Senate Bill 4-D and Florida Statutes revised as of May 2022:
At a minimum, a Structural Integrity Reserve Study must identify the common areas being visually inspected, state the estimated remaining useful life and the estimated replacement cost or deferred maintenance expense of the common areas being visually inspected, and provide a recommended annual reserve amount that achieves the estimated replacement cost or deferred maintenance expense of each common area being visually inspected by the end of the estimated remaining useful life of each common area.
The “Structural Integrity Reserve Study”, section 718.112 (2)(g), must include, at a minimum for each building on the condominium property that is three stories or higher in height:
A study of the following items as related to the structural integrity and safety of the building:
- Load-bearing walls or other primary structural members
- Fireproofing and fire protection systems
- Electrical systems
- Waterproofing and exterior painting
- Any other item that has a deferred maintenance expense or replacement cost that exceeds $10,000 and the failure to replace or maintain such item negatively affects the items listed in subparagraphs a) through i), as determined by the licensed engineer or architect performing the visual inspection portion of the Structural Integrity Reserve Study.