For years, one phrase helped sell millions of dollars’ worth of condominium units across Florida: “We’ll keep assessments low.” On the surface, that sounds like good news. Who wouldn’t want lower monthly fees? But what many owners are discovering today is that low assessments were often not a sign of a healthy community. In many cases, they were a warning sign.

Confused about reserve waivers in Florida? You’re not alone. As 2026 budgets loom, many boards assume all reserves are now untouchable—but that’s not true. Some reserves can still be waived or paused, depending on your building’s size and inspection history. This blog breaks it down in plain English, including what your proxy must say and how to avoid costly mistakes. Based on Episode 33 of Condo Craze and HOAs.