SENATE AMENDMENT
    Bill No. SB 1634
    Amendment No. 1   Barcode 241046
                            CHAMBER ACTION
              Senate                               House
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       04/16/2003 11:00 AM         .                    
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11  The Committee on Comprehensive Planning recommended the
12  following amendment:
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14         Senate Amendment 
15         On page 1, line 12 through page 2, line 12, delete
16  those lines
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18  and insert:  
19         689.26  Prospective purchasers; restrictive covenants;
20  homeowners' associations; assessments; subject to association
21  membership requirement; disclosure required.--
22         (1)  A prospective parcel owner in a community must be
23  presented a disclosure summary before executing the contract
24  for sale.  The disclosure summary must be in a form
25  substantially similar to the following form:
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27                        DISCLOSURE SUMMARY
28                                FOR
29                        (NAME OF COMMUNITY)
30  
31         1.  AS A PURCHASER OF PROPERTY IN THIS COMMUNITY, YOU
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    5:34 PM   03/12/03                                 s1634.cp.01


                                                  SENATE AMENDMENT
    Bill No. SB 1634
    Amendment No. 1   Barcode 241046
 1  (WILL) (WILL NOT) WILL BE OBLIGATED TO BE A MEMBER OF A
 2  HOMEOWNERS' ASSOCIATION.
 3         2.  THERE HAVE BEEN OR WILL BE RECORDED RESTRICTIVE
 4  COVENANTS GOVERNING THE USE AND OCCUPANCY OF PROPERTIES IN
 5  THIS COMMUNITY.
 6         3.  YOU (WILL) (WILL NOT) WILL BE OBLIGATED TO PAY
 7  ASSESSMENTS TO THE ASSOCIATION. YOU (WILL) (WILL NOT) BE
 8  OBLIGATED TO PAY SPECIAL ASSESSMENTS TO THE RESPECTIVE
 9  MUNICIPALITY, COUNTY, OR SPECIAL DISTRICT. ALL, WHICH
10  ASSESSMENTS ARE SUBJECT TO PERIODIC CHANGE.
11         4.  YOUR FAILURE TO PAY SPECIAL THESE ASSESSMENTS OR
12  ASSESSMENTS LEVIED BY A MANDATORY HOMEOWNERS' ASSOCIATION
13  COULD RESULT IN A LIEN ON YOUR PROPERTY.
14         5.  THERE (IS) (IS NOT) AN OBLIGATION TO PAY RENT OR
15  LAND USE FEES FOR RECREATIONAL OR OTHER COMMONLY USED
16  FACILITIES AS AN OBLIGATION OF MEMBERSHIP IN THE HOMEOWNERS'
17  ASSOCIATION.  (If such obligation exists, then the amount of
18  the current obligation shall be set forth.)
19         6.  THE RESTRICTIVE COVENANTS (CAN) (CANNOT) BE AMENDED
20  WITHOUT THE APPROVAL OF THE ASSOCIATION MEMBERSHIP OR, IF NO
21  MANDATORY ASSOCIATION EXISTS, PARCEL OWNERS.
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    5:34 PM   03/12/03                                 s1634.cp.01