Miami Condo Due Diligence
Miami Condo Due Diligence Timeline
Condominium due diligence works best when every review starts early and moves in parallel rather than waiting for one department to finish before the next begins.
Practical sequence
What should happen first
1. Request the complete record set
Do not wait for the association to decide what is relevant. Ask for the governing documents, financials, SIRS, milestone information, assessment package, insurance and recent minutes at the beginning.
2. Send the project to financing
If financing is involved, begin project review immediately. The lender may need documents not included in the standard resale package.
3. Check insurance in parallel
Confirm both the association-level coverage issue and the buyer's ability to obtain appropriate unit-owner coverage.
4. Separate facts from unanswered questions
A missing document is different from a negative finding. Track what is known, what is incomplete and who is responsible for answering each remaining question.
Statutory vs. contractual
Do not confuse Florida disclosure rights with the rest of the contract
Current Florida condominium law creates document-delivery and voidability rights for resales. The executed contract can also create separate timelines for inspection, financing, loan commitment, association approval and closing. Those timelines need to be tracked independently.
Primary sources
Official references used for this guide
Rules and lending standards can change. These are the government and agency sources this page was checked against.
- Florida Statutes §718.503 — resale disclosure and voidability periods
- Florida DBPR — condominium records and resources
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