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