5 Policy Changes to Prevent Another Surfside Tragedy

– Law360

Manatt Real Estate Leader Michael Polentz and Senior Advisor Daniel Abram authored an article for Law360 discussing five policy changes that will likely arise as a result of the Surfside tragedy in June 2020 to help ensure such a catastrophe never happens again. In particular, the authors highlight that:

  1. Building regulations will be strengthened and more strictly enforced
  2. More laws will be passed to ensure condominium associations maintain sufficient reserve funds
  3. More laws will be passed to ensure that reserve studies are conducted at regular intervals by licensed professionals
  4. Certain states may require condominium associations to publicize reserve studies
  5. Condominium associations will face significant climate change-related infrastructure challenges

Law360 subscribers can read the full article here.

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