ANALYSIS HB 913 (ER) -- CONDO 3.0

CHAPTER XVII

Section 17. Paragraph (d) of subsection (1) and paragraph (e) of subsection (2) of section 718.503, Florida Statutes, are amended to read:

The bill amends the milestone inspection statements to be attached to contracts as well as non-developer disclosures by deleting the verbiage “prior to” and substituting it with “before.”   For example, the new provision on contracts now reads:

THE BUYER HEREBY ACKNOWLEDGES THAT BUYER HAS BEEN PROVIDED A CURRENT COPY OF THE INSPECTOR-PREPARED SUMMARY OF THE MILESTONE INSPECTION REPORT AS DESCRIBED IN SECTION 553.899, FLORIDA STATUTES, IF APPLICABLE; A COPY OF THE TURNOVER INSPECTION REPORT DESCRIBED IN SECTION 718.301(4)(p) AND (q), FLORIDA STATUTES, IF APPLICABLE; AND A COPY OF THE ASSOCIATION'S MOST RECENT STRUCTURAL INTEGRITY RESERVE STUDY DESCRIBED IN SECTIONS 718.103(26) AND 718.112(2)(g), FLORIDA STATUTES, IF APPLICABLE, MORE THAN 15 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL HOLIDAYS, BEFORE  EXECUTION OF THIS CONTRACT.

    

LEGISLATIVE SESSION

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