diff --git a/tempest/common/waiters.py b/tempest/common/waiters.py
index 33ed153..1b69349 100644
--- a/tempest/common/waiters.py
+++ b/tempest/common/waiters.py
@@ -541,3 +541,45 @@
                      server_id)
             return
         time.sleep(client.build_interval)
+
+
+def wait_for_server_floating_ip(servers_client, server, floating_ip,
+                                wait_for_disassociate=False):
+    """Wait for floating IP association or disassociation.
+
+    :param servers_client: The servers client to use when querying the server's
+    floating IPs.
+    :param server: The server JSON dict on which to wait.
+    :param floating_ip: The floating IP JSON dict on which to wait.
+    :param wait_for_disassociate: Boolean indiating whether to wait for
+    disassociation instead of association.
+    """
+
+    def _get_floating_ip_in_server_addresses(floating_ip, server):
+        for addresses in server['addresses'].values():
+            for address in addresses:
+                if (
+                    address['OS-EXT-IPS:type'] == 'floating' and
+                    address['addr'] == floating_ip['floating_ip_address']
+                ):
+                    return address
+        return None
+
+    start_time = int(time.time())
+    while True:
+        server = servers_client.show_server(server['id'])['server']
+        address = _get_floating_ip_in_server_addresses(floating_ip, server)
+        if address is None and wait_for_disassociate:
+            return None
+        if not wait_for_disassociate and address:
+            return address
+
+        if int(time.time()) - start_time >= servers_client.build_timeout:
+            if wait_for_disassociate:
+                msg = ('Floating ip %s failed to disassociate from server %s '
+                       'in time.' % (floating_ip, server['id']))
+            else:
+                msg = ('Floating ip %s failed to associate with server %s '
+                       'in time.' % (floating_ip, server['id']))
+            raise lib_exc.TimeoutException(msg)
+        time.sleep(servers_client.build_interval)
diff --git a/tempest/scenario/test_minimum_basic.py b/tempest/scenario/test_minimum_basic.py
index 2c981c8..5aac19c 100644
--- a/tempest/scenario/test_minimum_basic.py
+++ b/tempest/scenario/test_minimum_basic.py
@@ -96,13 +96,6 @@
                    '%s' % (secgroup['id'], server['id']))
             raise exceptions.TimeoutException(msg)
 
-    def _get_floating_ip_in_server_addresses(self, floating_ip, server):
-        for addresses in server['addresses'].values():
-            for address in addresses:
-                if (address['OS-EXT-IPS:type'] == 'floating' and
-                        address['addr'] == floating_ip['floating_ip_address']):
-                    return address
-
     @decorators.idempotent_id('bdbb5441-9204-419d-a225-b4fdbfb1a1a8')
     @utils.services('compute', 'volume', 'image', 'network')
     def test_minimum_basic_scenario(self):
@@ -132,15 +125,8 @@
             fip = self.create_floating_ip(server)
             floating_ip = self.associate_floating_ip(
                 fip, server)
-            # fetch the server again to make sure the addresses were refreshed
-            # after associating the floating IP
-            server = self.servers_client.show_server(server['id'])['server']
-            address = self._get_floating_ip_in_server_addresses(
-                floating_ip, server)
-            self.assertIsNotNone(
-                address,
-                "Failed to find floating IP '%s' in server addresses: %s" %
-                (floating_ip['floating_ip_address'], server['addresses']))
+            waiters.wait_for_server_floating_ip(self.servers_client,
+                                                server, floating_ip)
             ssh_ip = floating_ip['floating_ip_address']
         else:
             ssh_ip = self.get_server_ip(server)
@@ -165,19 +151,6 @@
         if floating_ip:
             # delete the floating IP, this should refresh the server addresses
             self.disassociate_floating_ip(floating_ip)
-
-            def is_floating_ip_detached_from_server():
-                server_info = self.servers_client.show_server(
-                    server['id'])['server']
-                address = self._get_floating_ip_in_server_addresses(
-                    floating_ip, server_info)
-                return (not address)
-
-            if not test_utils.call_until_true(
-                is_floating_ip_detached_from_server,
-                CONF.compute.build_timeout,
-                CONF.compute.build_interval):
-                msg = ("Floating IP '%s' should not be in server addresses: %s"
-                       % (floating_ip['floating_ip_address'],
-                          server['addresses']))
-                raise exceptions.TimeoutException(msg)
+            waiters.wait_for_server_floating_ip(
+                self.servers_client, server, floating_ip,
+                wait_for_disassociate=True)
diff --git a/tempest/tests/common/test_waiters.py b/tempest/tests/common/test_waiters.py
index a5016e2..b76a263 100755
--- a/tempest/tests/common/test_waiters.py
+++ b/tempest/tests/common/test_waiters.py
@@ -552,3 +552,37 @@
         # Assert that list_volume_attachments was actually called
         mock_list_volume_attachments.assert_called_once_with(
             mock.sentinel.server_id)
+
+
+class TestServerFloatingIPWaiters(base.TestCase):
+
+    def test_wait_for_server_floating_ip_associate_timeout(self):
+        mock_server = {'server': {'id': 'fake_uuid', 'addresses': {}}}
+        mock_client = mock.Mock(
+            spec=servers_client.ServersClient,
+            build_timeout=1, build_interval=1,
+            show_server=lambda id: mock_server)
+
+        fake_server = {'id': 'fake-uuid'}
+        fake_fip = {'floating_ip_address': 'fake_address'}
+        self.assertRaises(
+            lib_exc.TimeoutException,
+            waiters.wait_for_server_floating_ip, mock_client, fake_server,
+            fake_fip)
+
+    def test_wait_for_server_floating_ip_disassociate_timeout(self):
+        mock_addresses = {'shared': [{'OS-EXT-IPS:type': 'floating',
+                                      'addr': 'fake_address'}]}
+        mock_server = {'server': {'id': 'fake_uuid',
+                                  'addresses': mock_addresses}}
+        mock_client = mock.Mock(
+            spec=servers_client.ServersClient,
+            build_timeout=1, build_interval=1,
+            show_server=lambda id: mock_server)
+
+        fake_server = {'id': 'fake-uuid'}
+        fake_fip = {'floating_ip_address': 'fake_address'}
+        self.assertRaises(
+            lib_exc.TimeoutException,
+            waiters.wait_for_server_floating_ip, mock_client, fake_server,
+            fake_fip, wait_for_disassociate=True)