LEGAL NUANCES WITH FLORIDA REAL ESTATE

Seller's Disclosures (property disclosure) are OPTIONAL.  There is no state statute that requires a seller to complete a seller/property disclosure report

A buyer has a 3-day right of rescission when purchasing a resale condo, 15 days when purchasing a new condo from a builder.  The rescission period begins when buyer has received:

  • Condo Declaration
  • Articles of Incorporation
  • By-Laws
  • Rules and Regulations
  • Most recent Year-End Financials
  • FAQ or Q&A
  • Florida Governance Form