Looking to invest in South Florida real estate? If so, there’s something important that you need to know about commercial properties: the 40-year recertification requirement.
In Miami-Dade and Broward Counties, all buildings which are 40 years old from the date of the original Certification of Occupancy must be recertified by the Building Official. If your building has already had its 40-year recertification, you have to get it recertified again every 10 years.
Here’s what recertification is, how it works, and why it’s so important for commercial property owners to get it right.
How Does It Work?
A 40-year recertification requires buildings in Miami-Dade and Broward counties to be recertified in accordance with local safety standards.
Recertification is due on the anniversary of the Dade County Property Appraiser’s original building information. Your 10-year recertifications are based on the same anniversary.
The city or county building authority will tell you if you need recertification through a notice of required inspection. Once you receive the notice, you have 90 days upon receipt of the notice to comply and get the inspection.
However, you are responsible for getting an inspection even if you don’t receive a notice.
There are only a few exceptions to recertification requirements: single-family residences, duplexes, and minor buildings with an occupancy load of 10 or less, with a gross area of 2,000 square feet or less.
What Do Inspections Include?
Recertification is actually an extensive process involving two different types of inspections:
For the structural component, the inspector reviews the main structural elements that make the property sound, from the foundations and beams to the roof and columns.
They’re looking for any signs of compromised structural integrity, such as cracks. A good inspector knows the difference between a superficial crack and a more concerning one.
For the electrical component, the inspector goes to the electrical room to examine things like breakers, feeders, panels, gutters, and the transformer.
If the inspector finds any areas that do not meet recertification requirements, you’re given 60 days to hire a contractor and complete the necessary improvements to the property.
Why Commercial Inspections are Different
If you’re a property investor and you’ve worked with residential properties, you have to understand that commercial property inspections are a different animal entirely.
Because commercial properties are larger and more complex than residential homes, the time and expertise required to complete an inspection are higher, which means the fees are also higher.
There’s also more on the line for a commercial property compared to a residential property. A few thousand dollars to repair an HVAC issue is a lot for a homeowner, but it’s pennies to a commercial property owner—especially when compared with the cost of replacing an entire HVAC system.
Need Your 40-Year Recertification Inspection?
If your commercial property needs its 40-year recertification inspection, you’ve come to the right place.
We’re commercial property experts. We’ve worked with lawyers, developers, lenders, brokers, and more. No property is too large, too small, or too far away. If you need to be inspected, we’ll make sure you get it done right.
Don’t wait. Click here to request your inspection today.