Florida Senate - 2025                        COMMITTEE AMENDMENT
       Bill No. CS for SB 948
       
       
       
       
       
       
                                Ì625674AÎ625674                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/01/2025           .                                
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       The Committee on Rules (Bradley) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete everything after the enacting clause
    4  and insert:
    5         Section 1. Section 83.512, Florida Statutes, is created to
    6  read:
    7         83.512Disclosure of flood risks to prospective tenant of
    8  residential real property.—
    9         (1)A landlord must complete and provide a flood disclosure
   10  to a prospective tenant of residential real property at or
   11  before the execution of a rental agreement for a term of 1 year
   12  or longer. The flood disclosure must be in a separate document.
   13  The flood disclosure must be made in substantially the following
   14  form:
   15  
   16                          FLOOD DISCLOSURE                         
   17         Flood Insurance: Renters’ insurance policies do not
   18         include coverage for damage resulting from floods.
   19         Tenant is encouraged to discuss the need to purchase
   20         separate flood insurance coverage with Tenant’s
   21         insurance agent.
   22         1.Landlord has .... has no .... knowledge of any
   23         flooding that has damaged the dwelling unit during
   24         Landlord’s ownership of the dwelling unit.
   25         2.Landlord has .... has not .... filed a claim
   26         with an insurance provider relating to flood damage in
   27         the dwelling unit, including, but not limited to, a
   28         claim with the National Flood Insurance Program.
   29         3.Landlord has .... has not .... received
   30         assistance for flood damage to the dwelling unit,
   31         including, but not limited to, assistance from the
   32         Federal Emergency Management Agency.
   33         4.For the purposes of this disclosure, the term
   34         “flooding” means a general or temporary condition of
   35         partial or complete inundation of the dwelling unit
   36         caused by any of the following:
   37         a.The overflow of inland or tidal waters.
   38         b.The unusual and rapid accumulation of runoff
   39         or surface waters from any established water source,
   40         such as a river, stream, or drainage ditch.
   41         c.Sustained periods of standing water resulting
   42         from rainfall.
   43  
   44         (2)If a landlord violates this section and a tenant
   45  suffers a substantial loss or damage to the tenant’s personal
   46  property as a result of flooding, the tenant may terminate the
   47  rental agreement by giving a written notice of termination to
   48  the landlord no later than 30 days after the date of the damage
   49  or loss. Termination of a rental agreement under this section is
   50  effective upon the tenant surrendering possession of the
   51  dwelling unit. For the purpose of this section, the term
   52  “substantial loss or damage” means the total cost of repairs to
   53  or replacement of the personal property is 50 percent or more of
   54  the personal property’s market value on the date the flooding
   55  occurred.
   56         (3)A landlord shall refund the tenant all rent or other
   57  amounts paid in advance under the rental agreement for any
   58  period after the effective date of the termination of the rental
   59  agreement.
   60         (4)This section does not affect a tenant’s liability for
   61  delinquent, unpaid rent or other sums owed to the landlord
   62  before the date the rental agreement was terminated by the
   63  tenant under this section.
   64         Section 2. Section 689.302, Florida Statutes, is amended to
   65  read:
   66         689.302 Disclosure of flood risks to prospective
   67  purchaser.—A seller must complete and provide a flood disclosure
   68  to a purchaser of residential real property at or before the
   69  time the sales contract is executed. The flood disclosure must
   70  be made in the following form:
   71  
   72                          FLOOD DISCLOSURE                         
   73         Flood Insurance: Homeowners’ insurance policies do not
   74         include coverage for damage resulting from floods.
   75         Buyer is encouraged to discuss the need to purchase
   76         separate flood insurance coverage with Buyer’s
   77         insurance agent.
   78         (1) Seller has  has no  knowledge of any
   79         flooding that has damaged the property during Seller’s
   80         ownership of the property.
   81         (2) Seller has ☐ has not ☐ filed a claim with an
   82         insurance provider relating to flood damage on the
   83         property, including, but not limited to, a claim with
   84         the National Flood Insurance Program.
   85         (3)(2) Seller has ☐ has not ☐ received federal
   86         assistance for flood damage to the property,
   87         including, but not limited to, assistance from the
   88         Federal Emergency Management Agency.
   89         (4)(3) For the purposes of this disclosure, the
   90         term “flooding” means a general or temporary condition
   91         of partial or complete inundation of the property
   92         caused by any of the following:
   93         (a) The overflow of inland or tidal waters.
   94         (b) The unusual and rapid accumulation of runoff
   95         or surface waters from any established water source,
   96         such as a river, stream, or drainage ditch.
   97         (c) Sustained periods of standing water resulting
   98         from rainfall.
   99  
  100         Section 3. Paragraph (a) of subsection (1) of section
  101  718.503, Florida Statutes, is amended to read:
  102         718.503 Developer disclosure prior to sale; nondeveloper
  103  unit owner disclosure prior to sale; voidability.—
  104         (1) DEVELOPER DISCLOSURE.—
  105         (a) Contents of contracts.—Any contract for the sale of a
  106  residential unit or a lease thereof for an unexpired term of
  107  more than 5 years shall:
  108         1. Contain the following legend in conspicuous type:
  109  
  110         THIS AGREEMENT IS VOIDABLE BY BUYER BY DELIVERING
  111         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  112         WITHIN 15 DAYS AFTER THE DATE OF EXECUTION OF THIS
  113         AGREEMENT BY THE BUYER, AND RECEIPT BY BUYER OF ALL OF
  114         THE ITEMS REQUIRED TO BE DELIVERED TO HIM OR HER BY
  115         THE DEVELOPER UNDER SECTION 718.503, FLORIDA STATUTES.
  116         THIS AGREEMENT IS ALSO VOIDABLE BY BUYER BY DELIVERING
  117         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  118         WITHIN 15 DAYS AFTER THE DATE OF RECEIPT FROM THE
  119         DEVELOPER OF ANY AMENDMENT WHICH MATERIALLY ALTERS OR
  120         MODIFIES THE OFFERING IN A MANNER THAT IS ADVERSE TO
  121         THE BUYER. ANY PURPORTED WAIVER OF THESE VOIDABILITY
  122         RIGHTS SHALL BE OF NO EFFECT. BUYER MAY EXTEND THE
  123         TIME FOR CLOSING FOR A PERIOD OF NOT MORE THAN 15 DAYS
  124         AFTER THE BUYER HAS RECEIVED ALL OF THE ITEMS
  125         REQUIRED. BUYER’S RIGHT TO VOID THIS AGREEMENT SHALL
  126         TERMINATE AT CLOSING. FIGURES CONTAINED IN ANY BUDGET
  127         DELIVERED TO THE BUYER PREPARED IN ACCORDANCE WITH THE
  128         CONDOMINIUM ACT ARE ESTIMATES ONLY AND REPRESENT AN
  129         APPROXIMATION OF FUTURE EXPENSES BASED ON FACTS AND
  130         CIRCUMSTANCES EXISTING AT THE TIME OF THE PREPARATION
  131         OF THE BUDGET BY THE DEVELOPER. ACTUAL COSTS OF SUCH
  132         ITEMS MAY EXCEED THE ESTIMATED COSTS. SUCH CHANGES IN
  133         COST DO NOT CONSTITUTE MATERIAL ADVERSE CHANGES IN THE
  134         OFFERING.
  135  
  136         2. Contain the following caveat in conspicuous type on the
  137  first page of the contract:
  138  
  139         ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS
  140         CORRECTLY STATING THE REPRESENTATIONS OF THE
  141         DEVELOPER. FOR CORRECT REPRESENTATIONS, REFERENCE
  142         SHOULD BE MADE TO THIS CONTRACT AND THE DOCUMENTS
  143         REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE
  144         FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.
  145  
  146         3. If the unit has been occupied by someone other than the
  147  buyer, contain a statement that the unit has been occupied.
  148         4. If the contract is for the sale or transfer of a unit
  149  subject to a lease, include as an exhibit a copy of the executed
  150  lease and shall contain within the text in conspicuous type:
  151  THE UNIT IS SUBJECT TO A LEASE (OR SUBLEASE).
  152         5. If the contract is for the lease of a unit for a term of
  153  5 years or more, include as an exhibit a copy of the proposed
  154  lease.
  155         6. If the contract is for the sale or lease of a unit that
  156  is subject to a lien for rent payable under a lease of a
  157  recreational facility or other commonly used facility, contain
  158  within the text the following statement in conspicuous type:
  159  
  160         THIS CONTRACT IS FOR THE TRANSFER OF A UNIT THAT IS
  161         SUBJECT TO A LIEN FOR RENT PAYABLE UNDER A LEASE OF
  162         COMMONLY USED FACILITIES. FAILURE TO PAY RENT MAY
  163         RESULT IN FORECLOSURE OF THE LIEN.
  164  
  165         7. State the name and address of the escrow agent required
  166  by s. 718.202 and state that the purchaser may obtain a receipt
  167  for his or her deposit from the escrow agent upon request.
  168         8. If the contract is for the sale or transfer of a unit in
  169  a condominium in which timeshare estates have been or may be
  170  created, contain within the text in conspicuous type: UNITS IN
  171  THIS CONDOMINIUM ARE SUBJECT TO TIMESHARE ESTATES. The contract
  172  for the sale of a fee interest in a timeshare estate shall also
  173  contain, in conspicuous type, the following:
  174  
  175         FOR THE PURPOSE OF AD VALOREM TAXES OR SPECIAL
  176         ASSESSMENTS LEVIED BY TAXING AUTHORITIES AGAINST A FEE
  177         INTEREST IN A TIMESHARE ESTATE, THE MANAGING ENTITY IS
  178         GENERALLY CONSIDERED THE TAXPAYER UNDER FLORIDA LAW.
  179         YOU HAVE THE RIGHT TO CHALLENGE AN ASSESSMENT BY A
  180         TAXING AUTHORITY RELATING TO YOUR TIMESHARE ESTATE
  181         PURSUANT TO THE PROVISIONS OF CHAPTER 194, FLORIDA
  182         STATUTES.
  183  
  184         9.Contain within the text the following statement in
  185  conspicuous type:
  186  
  187         HOMEOWNERS’ INSURANCE POLICIES DO NOT INCLUDE COVERAGE
  188         FOR DAMAGE RESULTING FROM FLOODING. BUYER IS
  189         ENCOURAGED TO DISCUSS THE NEED TO PURCHASE SEPARATE
  190         FLOOD INSURANCE COVERAGE WITH BUYER’S INSURANCE AGENT.
  191  
  192         DEVELOPER HAS .... HAS NO .... KNOWLEDGE OF ANY
  193         FLOODING THAT HAS DAMAGED THE PROPERTY DURING
  194         DEVELOPER’S OWNERSHIP OF THE PROPERTY.
  195  
  196         DEVELOPER HAS .... HAS NOT .... FILED A CLAIM WITH AN
  197         INSURANCE PROVIDER RELATING TO FLOOD DAMAGE ON THE
  198         PROPERTY OR COMMON ELEMENTS, INCLUDING, BUT NOT
  199         LIMITED TO, A CLAIM WITH THE NATIONAL FLOOD INSURANCE
  200         PROGRAM.
  201  
  202         DEVELOPER HAS .... HAS NOT .... RECEIVED ASSISTANCE
  203         FOR FLOOD DAMAGE TO THE PROPERTY OR COMMON ELEMENTS,
  204         INCLUDING, BUT NOT LIMITED TO, ASSISTANCE FROM THE
  205         FEDERAL EMERGENCY MANAGEMENT AGENCY.
  206  
  207         FOR THE PURPOSES OF THIS DISCLOSURE, THE TERM
  208         “FLOODING” MEANS A GENERAL OR TEMPORARY CONDITION OF
  209         PARTIAL OR COMPLETE INUNDATION OF THE PROPERTY OR
  210         COMMON ELEMENTS CAUSED BY THE OVERFLOW OF INLAND OR
  211         TIDAL WATERS; THE UNUSUAL AND RAPID ACCUMULATION OF
  212         RUNOFF OR SURFACE WATERS FROM ANY ESTABLISHED WATER
  213         SOURCE, SUCH AS A RIVER, STREAM, OR DRAINAGE DITCH; OR
  214         SUSTAINED PERIODS OF STANDING WATER RESULTING FROM
  215         RAINFALL.
  216  
  217         Section 4. Paragraph (a) of subsection (1) of section
  218  719.503, Florida Statutes, is amended to read:
  219         719.503 Disclosure prior to sale.—
  220         (1) DEVELOPER DISCLOSURE.—
  221         (a) Contents of contracts.—Any contracts for the sale of a
  222  unit or a lease thereof for an unexpired term of more than 5
  223  years shall contain:
  224         1. The following legend in conspicuous type:
  225  
  226         THIS AGREEMENT IS VOIDABLE BY BUYER BY DELIVERING
  227         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  228         WITHIN 15 DAYS AFTER THE DATE OF EXECUTION OF THIS
  229         AGREEMENT BY THE BUYER, AND RECEIPT BY BUYER OF ALL OF
  230         THE ITEMS REQUIRED TO BE DELIVERED TO HIM OR HER BY
  231         THE DEVELOPER UNDER SECTION 719.503, FLORIDA STATUTES.
  232         THIS AGREEMENT IS ALSO VOIDABLE BY BUYER BY DELIVERING
  233         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  234         WITHIN 15 DAYS AFTER THE DATE OF RECEIPT FROM THE
  235         DEVELOPER OF ANY AMENDMENT WHICH MATERIALLY ALTERS OR
  236         MODIFIES THE OFFERING IN A MANNER THAT IS ADVERSE TO
  237         THE BUYER. ANY PURPORTED WAIVER OF THESE VOIDABILITY
  238         RIGHTS SHALL BE OF NO EFFECT. BUYER MAY EXTEND THE
  239         TIME FOR CLOSING FOR A PERIOD OF NOT MORE THAN 15 DAYS
  240         AFTER THE BUYER HAS RECEIVED ALL OF THE ITEMS
  241         REQUIRED. BUYER’S RIGHT TO VOID THIS AGREEMENT SHALL
  242         TERMINATE AT CLOSING. FIGURES CONTAINED IN ANY BUDGET
  243         DELIVERED TO THE BUYER PREPARED IN ACCORDANCE WITH THE
  244         COOPERATIVE ACT ARE ESTIMATES ONLY AND REPRESENT AN
  245         APPROXIMATION OF FUTURE EXPENSES BASED ON FACTS AND
  246         CIRCUMSTANCES EXISTING AT THE TIME OF THE PREPARATION
  247         OF THE BUDGET BY THE DEVELOPER. ACTUAL COSTS OF SUCH
  248         ITEMS MAY EXCEED THE ESTIMATED COSTS. SUCH CHANGES IN
  249         COST DO NOT CONSTITUTE MATERIAL ADVERSE CHANGES IN THE
  250         OFFERING.
  251  
  252         2. The following caveat in conspicuous type shall be placed
  253  upon the first page of the contract:
  254  
  255         ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS
  256         CORRECTLY STATING THE REPRESENTATIONS OF THE
  257         DEVELOPER. FOR CORRECT REPRESENTATIONS, REFERENCE
  258         SHOULD BE MADE TO THIS CONTRACT AND THE DOCUMENTS
  259         REQUIRED BY SECTION 719.503, FLORIDA STATUTES, TO BE
  260         FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.
  261  
  262         3. If the unit has been occupied by someone other than the
  263  buyer, a statement that the unit has been occupied.
  264         4. If the contract is for the sale or transfer of a unit
  265  subject to a lease, the contract shall include as an exhibit a
  266  copy of the executed lease and shall contain within the text in
  267  conspicuous type: THE UNIT IS SUBJECT TO A LEASE (OR
  268  SUBLEASE).
  269         5. If the contract is for the lease of a unit for a term of
  270  5 years or more, the contract shall include as an exhibit a copy
  271  of the proposed lease.
  272         6. If the contract is for the sale or lease of a unit that
  273  is subject to a lien for rent payable under a lease of a
  274  recreational facility or other common areas, the contract shall
  275  contain within the text the following statement in conspicuous
  276  type: THIS CONTRACT IS FOR THE TRANSFER OF A UNIT THAT IS
  277  SUBJECT TO A LIEN FOR RENT PAYABLE UNDER A LEASE OF COMMON
  278  AREAS. FAILURE TO PAY RENT MAY RESULT IN FORECLOSURE OF THE
  279  LIEN.
  280         7. The contract shall state the name and address of the
  281  escrow agent required by s. 719.202 and shall state that the
  282  purchaser may obtain a receipt for his or her deposit from the
  283  escrow agent, upon request.
  284         8. If the contract is for the sale or transfer of a unit in
  285  a cooperative in which timeshare estates have been or may be
  286  created, the following text in conspicuous type: UNITS IN THIS
  287  COOPERATIVE ARE SUBJECT TO TIMESHARE ESTATES. The contract for
  288  the sale of a timeshare estate must also contain, in conspicuous
  289  type, the following:
  290  
  291         FOR THE PURPOSE OF AD VALOREM TAXES OR SPECIAL
  292         ASSESSMENTS LEVIED BY TAXING AUTHORITIES AGAINST A
  293         TIMESHARE ESTATE, THE MANAGING ENTITY IS GENERALLY
  294         CONSIDERED THE TAXPAYER UNDER FLORIDA LAW. YOU HAVE
  295         THE RIGHT TO CHALLENGE AN ASSESSMENT BY A TAXING
  296         AUTHORITY RELATING TO YOUR TIMESHARE ESTATE PURSUANT
  297         TO THE PROVISIONS OF CHAPTER 194, FLORIDA STATUTES.
  298  
  299         9.Contain within the text the following statement in
  300  conspicuous type:
  301  
  302         HOMEOWNERS’ INSURANCE POLICIES DO NOT INCLUDE COVERAGE
  303         FOR DAMAGE RESULTING FROM FLOODING. BUYER IS
  304         ENCOURAGED TO DISCUSS THE NEED TO PURCHASE SEPARATE
  305         FLOOD INSURANCE COVERAGE WITH BUYER’S INSURANCE AGENT.
  306  
  307         DEVELOPER HAS .... HAS NO .... KNOWLEDGE OF ANY
  308         FLOODING THAT HAS DAMAGED THE PROPERTY DURING
  309         DEVELOPER’S OWNERSHIP OF THE PROPERTY.
  310  
  311         DEVELOPER HAS .... HAS NOT .... FILED A CLAIM WITH AN
  312         INSURANCE PROVIDER RELATING TO FLOOD DAMAGE ON THE
  313         PROPERTY OR COMMON ELEMENTS, INCLUDING, BUT NOT
  314         LIMITED TO, A CLAIM WITH THE NATIONAL FLOOD INSURANCE
  315         PROGRAM.
  316  
  317         DEVELOPER HAS .... HAS NOT .... RECEIVED ASSISTANCE
  318         FOR FLOOD DAMAGE TO THE PROPERTY OR COMMON ELEMENTS,
  319         INCLUDING, BUT NOT LIMITED TO, ASSISTANCE FROM THE
  320         FEDERAL EMERGENCY MANAGEMENT AGENCY.
  321  
  322         FOR THE PURPOSES OF THIS DISCLOSURE, THE TERM
  323         “FLOODING” MEANS A GENERAL OR TEMPORARY CONDITION OF
  324         PARTIAL OR COMPLETE INUNDATION OF THE PROPERTY OR
  325         COMMON ELEMENTS CAUSED BY THE OVERFLOW OF INLAND OR
  326         TIDAL WATERS; THE UNUSUAL AND RAPID ACCUMULATION OF
  327         RUNOFF OR SURFACE WATERS FROM ANY ESTABLISHED WATER
  328         SOURCE, SUCH AS A RIVER, STREAM, OR DRAINAGE DITCH; OR
  329         SUSTAINED PERIODS OF STANDING WATER RESULTING FROM
  330         RAINFALL.
  331  
  332         Section 5. Subsection (6) is added to section 723.011,
  333  Florida Statutes, to read:
  334         723.011 Disclosure prior to rental of a mobile home lot;
  335  prospectus, filing, approval.—
  336         (6)(a)A mobile home park owner must complete and provide a
  337  flood disclosure to a prospective lessee of a mobile home lot.
  338  Delivery must be made prior to execution of the lot rental
  339  agreement or at the time of occupancy, whichever occurs first.
  340  The flood disclosure must be in a separate document. The flood
  341  disclosure must be made in substantially the following form:
  342  
  343                          FLOOD DISCLOSURE                         
  344         Flood Insurance: Homeowners’ and renters’ insurance
  345         policies do not include coverage for damage resulting
  346         from floods. You are encouraged to discuss the need to
  347         purchase separate flood insurance coverage your
  348         insurance agent.
  349         1.The park owner has .... has no .... knowledge
  350         of any flooding that has damaged the property during
  351         park owner’s ownership of the property.
  352         2.The park owner has .... has not .... filed a
  353         claim with an insurance provider relating to flood
  354         damage on the property, including, but not limited to,
  355         a claim with the National Flood Insurance Program.
  356         3.The park owner has .... has not .... received
  357         assistance for flood damage to the property,
  358         including, but not limited to, assistance from the
  359         Federal Emergency Management Agency.
  360         4.For the purposes of this disclosure, the term
  361         “flooding” means a general or temporary condition of
  362         partial or complete inundation of the property caused
  363         by any of the following:
  364         a.The overflow of inland or tidal waters.
  365         b.The unusual and rapid accumulation of runoff
  366         or surface waters from any established water source,
  367         such as a river, stream, or drainage ditch.
  368         c.Sustained periods of standing water resulting
  369         from rainfall.
  370  
  371         (b)If a park owner violates this section and a lessee
  372  suffers a substantial loss or damage to the lessee’s mobile home
  373  or personal property as a result of flooding, the lessee may
  374  terminate the rental agreement by giving a written notice of
  375  termination to the park owner no later than 30 days after the
  376  date of the damage or loss. Termination of a rental agreement
  377  under this section is effective when the requirements of s.
  378  723.023(5) are met. For the purpose of this paragraph, the term
  379  “substantial loss or damage” means the total cost of repairs to
  380  or replacement of the mobile home and personal property is 50
  381  percent or more of the mobile home and personal property’s
  382  market value on the date the flooding occurred.
  383         (c)A park owner shall refund the lessee all rent or other
  384  amounts paid in advance under the rental agreement for any
  385  period after the effective date of the termination of the rental
  386  agreement.
  387         (d)This subsection does not affect a lessee’s liability
  388  for delinquent, unpaid rent or other sums owed to the park owner
  389  before the date the rental agreement was terminated by the
  390  lessee under this subsection.
  391         Section 6. This act shall take effect October 1, 2025.
  392  
  393  ================= T I T L E  A M E N D M E N T ================
  394  And the title is amended as follows:
  395         Delete everything before the enacting clause
  396  and insert:
  397                        A bill to be entitled                      
  398         An act relating to flood disclosures; creating s.
  399         83.512, F.S.; requiring a landlord of residential real
  400         property to provide specified information to a
  401         prospective tenant at or before the time the rental
  402         agreement is executed; specifying how such information
  403         must be disclosed; defining the term “flooding”;
  404         providing that if a landlord fails to disclose flood
  405         information truthfully and a tenant suffers
  406         substantial loss or damage, the tenant may terminate
  407         the rental agreement by giving a written notice of
  408         termination to the landlord within a specified
  409         timeframe; defining the term “substantial loss”;
  410         requiring a landlord to refund the tenant all amounts
  411         paid in advance for any period after the effective
  412         date of the termination of the rental agreement;
  413         providing that a tenant is still liable for any sum
  414         owed to the landlord before the termination of the
  415         rental agreement; amending s. 689.302, F.S.; revising
  416         the flood information that must be disclosed to
  417         prospective purchasers of residential real property;
  418         amending s. 718.503, F.S.; requiring a developer of a
  419         residential condominium unit to provide specified
  420         information to a prospective purchaser at or before
  421         the time the sales contract is executed; specifying
  422         how such information must be disclosed; defining the
  423         term “flooding”; amending s. 719.503, F.S.; requiring
  424         a developer of a residential condominium unit to
  425         provide specified information to a prospective
  426         purchaser at or before the time the sales contract is
  427         executed; specifying how such information must be
  428         disclosed; defining the term “flooding”; amending s.
  429         723.011, F.S.; requiring a park owner of a mobile home
  430         park to provide specified information to a prospective
  431         lessee at or before the time the rental agreement is
  432         executed; specifying how such information must be
  433         disclosed; defining the term “flooding”; providing
  434         that if a park owner fails to disclose flood
  435         information truthfully and a lessee suffers
  436         substantial loss or damage, the lessee may terminate
  437         the rental agreement by giving a written notice of
  438         termination to the park owner within a specified
  439         timeframe; specifying when the termination of a rental
  440         agreement is deemed effective; defining the term
  441         “substantial loss”; requiring a park owner to refund
  442         the lessee all amounts paid in advance for any period
  443         after the effective date of the termination of the
  444         rental agreement; providing that a lessee is still
  445         liable for any sum owed to the park owner before the
  446         termination of the rental agreement; providing an
  447         effective date.