Condo associations statewide will now face tougher regulations. With the stroke of a pen Governor Charlie Crist signed a bill into law mandating more transparency in the business transactions of condo boards.

There’s been increasing frustration among unit owners over unexplained fee hikes and embezzlement scams.

Governor Charlie Crist, who rents a condo in St. Petersburg, says this law is about accountability.

“People who live in communities where they’re multifamily, that are frustrated with some of the rules and regulations or sometimes a very challenging rule, what they’ve done is given power back to the people.”

Under the new law condo owners will be able to request official documents from their association’s board of directors.