What does Florida Statute 718 require for material disclosure on a condo re-roofing vote?

The 115% threshold triggers the disclosure

F.S. 718.303(4) defines "material alteration or substantial addition" in part as any board-initiated assessment raising unit-owner liability above 115% of the prior year's assessment. Most re-roofing projects comfortably cross this line — the average reserve study funding re-roofing runs 200-400% of one year's operating budget, divided across owners.

What the disclosure must contain

Delivery and timing

Personal-liability exposure for the board

F.S. 718.303(5): board members who knowingly approve an assessment without the disclosure can be personally liable for the assessment plus reasonable attorney's fees of the prevailing owner. The statute is enforced. If you've ever sat on a board that overlooked this, the cure is usually a re-vote with the proper disclosure and a record of why the original vote was procedurally defective.

What this is NOT

How to verify