Florida Senate - 2025                       CS for CS for SB 948
       
       
        
       By the Committees on Rules; and Judiciary; and Senator Bradley
       
       
       
       
       
       595-03122-25                                           2025948c2
    1                        A bill to be entitled                      
    2         An act relating to flood disclosures; creating s.
    3         83.512, F.S.; requiring a landlord of residential real
    4         property to provide specified information to a
    5         prospective tenant at or before the time the rental
    6         agreement is executed; specifying how such information
    7         must be disclosed; defining the term “flooding”;
    8         providing that if a landlord fails to disclose flood
    9         information truthfully and a tenant suffers
   10         substantial loss or damage, the tenant may terminate
   11         the rental agreement by giving a written notice of
   12         termination to the landlord within a specified
   13         timeframe; defining the term “substantial loss”;
   14         requiring a landlord to refund the tenant all amounts
   15         paid in advance for any period after the effective
   16         date of the termination of the rental agreement;
   17         providing that a tenant is still liable for any sum
   18         owed to the landlord before the termination of the
   19         rental agreement; amending s. 689.302, F.S.; revising
   20         the flood information that must be disclosed to
   21         prospective purchasers of residential real property;
   22         amending s. 718.503, F.S.; requiring a developer of a
   23         residential condominium unit to provide specified
   24         information to a prospective purchaser at or before
   25         the time the sales contract is executed; specifying
   26         how such information must be disclosed; defining the
   27         term “flooding”; amending s. 719.503, F.S.; requiring
   28         a developer of a residential condominium unit to
   29         provide specified information to a prospective
   30         purchaser at or before the time the sales contract is
   31         executed; specifying how such information must be
   32         disclosed; defining the term “flooding”; amending s.
   33         723.011, F.S.; requiring a park owner of a mobile home
   34         park to provide specified information to a prospective
   35         lessee at or before the time the rental agreement is
   36         executed; specifying how such information must be
   37         disclosed; defining the term “flooding”; providing
   38         that if a park owner fails to disclose flood
   39         information truthfully and a lessee suffers
   40         substantial loss or damage, the lessee may terminate
   41         the rental agreement by giving a written notice of
   42         termination to the park owner within a specified
   43         timeframe; specifying when the termination of a rental
   44         agreement is deemed effective; defining the term
   45         “substantial loss”; requiring a park owner to refund
   46         the lessee all amounts paid in advance for any period
   47         after the effective date of the termination of the
   48         rental agreement; providing that a lessee is still
   49         liable for any sum owed to the park owner before the
   50         termination of the rental agreement; providing an
   51         effective date.
   52          
   53  Be It Enacted by the Legislature of the State of Florida:
   54  
   55         Section 1. Section 83.512, Florida Statutes, is created to
   56  read:
   57         83.512Disclosure of flood risks to prospective tenant of
   58  residential real property.—
   59         (1)A landlord must complete and provide a flood disclosure
   60  to a prospective tenant of residential real property at or
   61  before the execution of a rental agreement for a term of 1 year
   62  or longer. The flood disclosure must be in a separate document.
   63  The flood disclosure must be made in substantially the following
   64  form:
   65  
   66                          FLOOD DISCLOSURE                         
   67         Flood Insurance: Renters’ insurance policies do not
   68         include coverage for damage resulting from floods.
   69         Tenant is encouraged to discuss the need to purchase
   70         separate flood insurance coverage with Tenant’s
   71         insurance agent.
   72         1.Landlord has .... has no .... knowledge of any
   73         flooding that has damaged the dwelling unit during
   74         Landlord’s ownership of the dwelling unit.
   75         2.Landlord has .... has not .... filed a claim
   76         with an insurance provider relating to flood damage in
   77         the dwelling unit, including, but not limited to, a
   78         claim with the National Flood Insurance Program.
   79         3.Landlord has .... has not .... received
   80         assistance for flood damage to the dwelling unit,
   81         including, but not limited to, assistance from the
   82         Federal Emergency Management Agency.
   83         4.For the purposes of this disclosure, the term
   84         “flooding” means a general or temporary condition of
   85         partial or complete inundation of the dwelling unit
   86         caused by any of the following:
   87         a.The overflow of inland or tidal waters.
   88         b.The unusual and rapid accumulation of runoff
   89         or surface waters from any established water source,
   90         such as a river, stream, or drainage ditch.
   91         c.Sustained periods of standing water resulting
   92         from rainfall.
   93  
   94         (2)If a landlord violates this section and a tenant
   95  suffers a substantial loss or damage to the tenant’s personal
   96  property as a result of flooding, the tenant may terminate the
   97  rental agreement by giving a written notice of termination to
   98  the landlord no later than 30 days after the date of the damage
   99  or loss. Termination of a rental agreement under this section is
  100  effective upon the tenant surrendering possession of the
  101  dwelling unit. For the purpose of this section, the term
  102  “substantial loss or damage” means the total cost of repairs to
  103  or replacement of the personal property is 50 percent or more of
  104  the personal property’s market value on the date the flooding
  105  occurred.
  106         (3)A landlord shall refund the tenant all rent or other
  107  amounts paid in advance under the rental agreement for any
  108  period after the effective date of the termination of the rental
  109  agreement.
  110         (4)This section does not affect a tenant’s liability for
  111  delinquent, unpaid rent or other sums owed to the landlord
  112  before the date the rental agreement was terminated by the
  113  tenant under this section.
  114         Section 2. Section 689.302, Florida Statutes, is amended to
  115  read:
  116         689.302 Disclosure of flood risks to prospective
  117  purchaser.—A seller must complete and provide a flood disclosure
  118  to a purchaser of residential real property at or before the
  119  time the sales contract is executed. The flood disclosure must
  120  be made in the following form:
  121  
  122                          FLOOD DISCLOSURE                         
  123         Flood Insurance: Homeowners’ insurance policies do not
  124         include coverage for damage resulting from floods.
  125         Buyer is encouraged to discuss the need to purchase
  126         separate flood insurance coverage with Buyer’s
  127         insurance agent.
  128         (1) Seller has  has no  knowledge of any
  129         flooding that has damaged the property during Seller’s
  130         ownership of the property.
  131         (2) Seller has ☐ has not ☐ filed a claim with an
  132         insurance provider relating to flood damage on the
  133         property, including, but not limited to, a claim with
  134         the National Flood Insurance Program.
  135         (3)(2) Seller has ☐ has not ☐ received federal
  136         assistance for flood damage to the property,
  137         including, but not limited to, assistance from the
  138         Federal Emergency Management Agency.
  139         (4)(3) For the purposes of this disclosure, the
  140         term “flooding” means a general or temporary condition
  141         of partial or complete inundation of the property
  142         caused by any of the following:
  143         (a) The overflow of inland or tidal waters.
  144         (b) The unusual and rapid accumulation of runoff
  145         or surface waters from any established water source,
  146         such as a river, stream, or drainage ditch.
  147         (c) Sustained periods of standing water resulting
  148         from rainfall.
  149  
  150         Section 3. Paragraph (a) of subsection (1) of section
  151  718.503, Florida Statutes, is amended to read:
  152         718.503 Developer disclosure prior to sale; nondeveloper
  153  unit owner disclosure prior to sale; voidability.—
  154         (1) DEVELOPER DISCLOSURE.—
  155         (a) Contents of contracts.—Any contract for the sale of a
  156  residential unit or a lease thereof for an unexpired term of
  157  more than 5 years shall:
  158         1. Contain the following legend in conspicuous type:
  159  
  160         THIS AGREEMENT IS VOIDABLE BY BUYER BY DELIVERING
  161         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  162         WITHIN 15 DAYS AFTER THE DATE OF EXECUTION OF THIS
  163         AGREEMENT BY THE BUYER, AND RECEIPT BY BUYER OF ALL OF
  164         THE ITEMS REQUIRED TO BE DELIVERED TO HIM OR HER BY
  165         THE DEVELOPER UNDER SECTION 718.503, FLORIDA STATUTES.
  166         THIS AGREEMENT IS ALSO VOIDABLE BY BUYER BY DELIVERING
  167         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  168         WITHIN 15 DAYS AFTER THE DATE OF RECEIPT FROM THE
  169         DEVELOPER OF ANY AMENDMENT WHICH MATERIALLY ALTERS OR
  170         MODIFIES THE OFFERING IN A MANNER THAT IS ADVERSE TO
  171         THE BUYER. ANY PURPORTED WAIVER OF THESE VOIDABILITY
  172         RIGHTS SHALL BE OF NO EFFECT. BUYER MAY EXTEND THE
  173         TIME FOR CLOSING FOR A PERIOD OF NOT MORE THAN 15 DAYS
  174         AFTER THE BUYER HAS RECEIVED ALL OF THE ITEMS
  175         REQUIRED. BUYER’S RIGHT TO VOID THIS AGREEMENT SHALL
  176         TERMINATE AT CLOSING. FIGURES CONTAINED IN ANY BUDGET
  177         DELIVERED TO THE BUYER PREPARED IN ACCORDANCE WITH THE
  178         CONDOMINIUM ACT ARE ESTIMATES ONLY AND REPRESENT AN
  179         APPROXIMATION OF FUTURE EXPENSES BASED ON FACTS AND
  180         CIRCUMSTANCES EXISTING AT THE TIME OF THE PREPARATION
  181         OF THE BUDGET BY THE DEVELOPER. ACTUAL COSTS OF SUCH
  182         ITEMS MAY EXCEED THE ESTIMATED COSTS. SUCH CHANGES IN
  183         COST DO NOT CONSTITUTE MATERIAL ADVERSE CHANGES IN THE
  184         OFFERING.
  185  
  186         2. Contain the following caveat in conspicuous type on the
  187  first page of the contract:
  188  
  189         ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS
  190         CORRECTLY STATING THE REPRESENTATIONS OF THE
  191         DEVELOPER. FOR CORRECT REPRESENTATIONS, REFERENCE
  192         SHOULD BE MADE TO THIS CONTRACT AND THE DOCUMENTS
  193         REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE
  194         FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.
  195  
  196         3. If the unit has been occupied by someone other than the
  197  buyer, contain a statement that the unit has been occupied.
  198         4. If the contract is for the sale or transfer of a unit
  199  subject to a lease, include as an exhibit a copy of the executed
  200  lease and shall contain within the text in conspicuous type:
  201  THE UNIT IS SUBJECT TO A LEASE (OR SUBLEASE).
  202         5. If the contract is for the lease of a unit for a term of
  203  5 years or more, include as an exhibit a copy of the proposed
  204  lease.
  205         6. If the contract is for the sale or lease of a unit that
  206  is subject to a lien for rent payable under a lease of a
  207  recreational facility or other commonly used facility, contain
  208  within the text the following statement in conspicuous type:
  209  
  210         THIS CONTRACT IS FOR THE TRANSFER OF A UNIT THAT IS
  211         SUBJECT TO A LIEN FOR RENT PAYABLE UNDER A LEASE OF
  212         COMMONLY USED FACILITIES. FAILURE TO PAY RENT MAY
  213         RESULT IN FORECLOSURE OF THE LIEN.
  214  
  215         7. State the name and address of the escrow agent required
  216  by s. 718.202 and state that the purchaser may obtain a receipt
  217  for his or her deposit from the escrow agent upon request.
  218         8. If the contract is for the sale or transfer of a unit in
  219  a condominium in which timeshare estates have been or may be
  220  created, contain within the text in conspicuous type: UNITS IN
  221  THIS CONDOMINIUM ARE SUBJECT TO TIMESHARE ESTATES. The contract
  222  for the sale of a fee interest in a timeshare estate shall also
  223  contain, in conspicuous type, the following:
  224  
  225         FOR THE PURPOSE OF AD VALOREM TAXES OR SPECIAL
  226         ASSESSMENTS LEVIED BY TAXING AUTHORITIES AGAINST A FEE
  227         INTEREST IN A TIMESHARE ESTATE, THE MANAGING ENTITY IS
  228         GENERALLY CONSIDERED THE TAXPAYER UNDER FLORIDA LAW.
  229         YOU HAVE THE RIGHT TO CHALLENGE AN ASSESSMENT BY A
  230         TAXING AUTHORITY RELATING TO YOUR TIMESHARE ESTATE
  231         PURSUANT TO THE PROVISIONS OF CHAPTER 194, FLORIDA
  232         STATUTES.
  233  
  234         9.Contain within the text the following statement in
  235  conspicuous type:
  236  
  237         HOMEOWNERS’ INSURANCE POLICIES DO NOT INCLUDE COVERAGE
  238         FOR DAMAGE RESULTING FROM FLOODING. BUYER IS
  239         ENCOURAGED TO DISCUSS THE NEED TO PURCHASE SEPARATE
  240         FLOOD INSURANCE COVERAGE WITH BUYER’S INSURANCE AGENT.
  241  
  242         DEVELOPER HAS .... HAS NO .... KNOWLEDGE OF ANY
  243         FLOODING THAT HAS DAMAGED THE PROPERTY DURING
  244         DEVELOPER’S OWNERSHIP OF THE PROPERTY.
  245  
  246         DEVELOPER HAS .... HAS NOT .... FILED A CLAIM WITH AN
  247         INSURANCE PROVIDER RELATING TO FLOOD DAMAGE ON THE
  248         PROPERTY OR COMMON ELEMENTS, INCLUDING, BUT NOT
  249         LIMITED TO, A CLAIM WITH THE NATIONAL FLOOD INSURANCE
  250         PROGRAM.
  251  
  252         DEVELOPER HAS .... HAS NOT .... RECEIVED ASSISTANCE
  253         FOR FLOOD DAMAGE TO THE PROPERTY OR COMMON ELEMENTS,
  254         INCLUDING, BUT NOT LIMITED TO, ASSISTANCE FROM THE
  255         FEDERAL EMERGENCY MANAGEMENT AGENCY.
  256  
  257         FOR THE PURPOSES OF THIS DISCLOSURE, THE TERM
  258         “FLOODING” MEANS A GENERAL OR TEMPORARY CONDITION OF
  259         PARTIAL OR COMPLETE INUNDATION OF THE PROPERTY OR
  260         COMMON ELEMENTS CAUSED BY THE OVERFLOW OF INLAND OR
  261         TIDAL WATERS; THE UNUSUAL AND RAPID ACCUMULATION OF
  262         RUNOFF OR SURFACE WATERS FROM ANY ESTABLISHED WATER
  263         SOURCE, SUCH AS A RIVER, STREAM, OR DRAINAGE DITCH; OR
  264         SUSTAINED PERIODS OF STANDING WATER RESULTING FROM
  265         RAINFALL.
  266  
  267         Section 4. Paragraph (a) of subsection (1) of section
  268  719.503, Florida Statutes, is amended to read:
  269         719.503 Disclosure prior to sale.—
  270         (1) DEVELOPER DISCLOSURE.—
  271         (a) Contents of contracts.—Any contracts for the sale of a
  272  unit or a lease thereof for an unexpired term of more than 5
  273  years shall contain:
  274         1. The following legend in conspicuous type:
  275  
  276         THIS AGREEMENT IS VOIDABLE BY BUYER BY DELIVERING
  277         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  278         WITHIN 15 DAYS AFTER THE DATE OF EXECUTION OF THIS
  279         AGREEMENT BY THE BUYER, AND RECEIPT BY BUYER OF ALL OF
  280         THE ITEMS REQUIRED TO BE DELIVERED TO HIM OR HER BY
  281         THE DEVELOPER UNDER SECTION 719.503, FLORIDA STATUTES.
  282         THIS AGREEMENT IS ALSO VOIDABLE BY BUYER BY DELIVERING
  283         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  284         WITHIN 15 DAYS AFTER THE DATE OF RECEIPT FROM THE
  285         DEVELOPER OF ANY AMENDMENT WHICH MATERIALLY ALTERS OR
  286         MODIFIES THE OFFERING IN A MANNER THAT IS ADVERSE TO
  287         THE BUYER. ANY PURPORTED WAIVER OF THESE VOIDABILITY
  288         RIGHTS SHALL BE OF NO EFFECT. BUYER MAY EXTEND THE
  289         TIME FOR CLOSING FOR A PERIOD OF NOT MORE THAN 15 DAYS
  290         AFTER THE BUYER HAS RECEIVED ALL OF THE ITEMS
  291         REQUIRED. BUYER’S RIGHT TO VOID THIS AGREEMENT SHALL
  292         TERMINATE AT CLOSING. FIGURES CONTAINED IN ANY BUDGET
  293         DELIVERED TO THE BUYER PREPARED IN ACCORDANCE WITH THE
  294         COOPERATIVE ACT ARE ESTIMATES ONLY AND REPRESENT AN
  295         APPROXIMATION OF FUTURE EXPENSES BASED ON FACTS AND
  296         CIRCUMSTANCES EXISTING AT THE TIME OF THE PREPARATION
  297         OF THE BUDGET BY THE DEVELOPER. ACTUAL COSTS OF SUCH
  298         ITEMS MAY EXCEED THE ESTIMATED COSTS. SUCH CHANGES IN
  299         COST DO NOT CONSTITUTE MATERIAL ADVERSE CHANGES IN THE
  300         OFFERING.
  301  
  302         2. The following caveat in conspicuous type shall be placed
  303  upon the first page of the contract:
  304  
  305         ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS
  306         CORRECTLY STATING THE REPRESENTATIONS OF THE
  307         DEVELOPER. FOR CORRECT REPRESENTATIONS, REFERENCE
  308         SHOULD BE MADE TO THIS CONTRACT AND THE DOCUMENTS
  309         REQUIRED BY SECTION 719.503, FLORIDA STATUTES, TO BE
  310         FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.
  311  
  312         3. If the unit has been occupied by someone other than the
  313  buyer, a statement that the unit has been occupied.
  314         4. If the contract is for the sale or transfer of a unit
  315  subject to a lease, the contract shall include as an exhibit a
  316  copy of the executed lease and shall contain within the text in
  317  conspicuous type: THE UNIT IS SUBJECT TO A LEASE (OR
  318  SUBLEASE).
  319         5. If the contract is for the lease of a unit for a term of
  320  5 years or more, the contract shall include as an exhibit a copy
  321  of the proposed lease.
  322         6. If the contract is for the sale or lease of a unit that
  323  is subject to a lien for rent payable under a lease of a
  324  recreational facility or other common areas, the contract shall
  325  contain within the text the following statement in conspicuous
  326  type: THIS CONTRACT IS FOR THE TRANSFER OF A UNIT THAT IS
  327  SUBJECT TO A LIEN FOR RENT PAYABLE UNDER A LEASE OF COMMON
  328  AREAS. FAILURE TO PAY RENT MAY RESULT IN FORECLOSURE OF THE
  329  LIEN.
  330         7. The contract shall state the name and address of the
  331  escrow agent required by s. 719.202 and shall state that the
  332  purchaser may obtain a receipt for his or her deposit from the
  333  escrow agent, upon request.
  334         8. If the contract is for the sale or transfer of a unit in
  335  a cooperative in which timeshare estates have been or may be
  336  created, the following text in conspicuous type: UNITS IN THIS
  337  COOPERATIVE ARE SUBJECT TO TIMESHARE ESTATES. The contract for
  338  the sale of a timeshare estate must also contain, in conspicuous
  339  type, the following:
  340  
  341         FOR THE PURPOSE OF AD VALOREM TAXES OR SPECIAL
  342         ASSESSMENTS LEVIED BY TAXING AUTHORITIES AGAINST A
  343         TIMESHARE ESTATE, THE MANAGING ENTITY IS GENERALLY
  344         CONSIDERED THE TAXPAYER UNDER FLORIDA LAW. YOU HAVE
  345         THE RIGHT TO CHALLENGE AN ASSESSMENT BY A TAXING
  346         AUTHORITY RELATING TO YOUR TIMESHARE ESTATE PURSUANT
  347         TO THE PROVISIONS OF CHAPTER 194, FLORIDA STATUTES.
  348  
  349         9.Contain within the text the following statement in
  350  conspicuous type:
  351  
  352         HOMEOWNERS’ INSURANCE POLICIES DO NOT INCLUDE COVERAGE
  353         FOR DAMAGE RESULTING FROM FLOODING. BUYER IS
  354         ENCOURAGED TO DISCUSS THE NEED TO PURCHASE SEPARATE
  355         FLOOD INSURANCE COVERAGE WITH BUYER’S INSURANCE AGENT.
  356  
  357         DEVELOPER HAS .... HAS NO .... KNOWLEDGE OF ANY
  358         FLOODING THAT HAS DAMAGED THE PROPERTY DURING
  359         DEVELOPER’S OWNERSHIP OF THE PROPERTY.
  360  
  361         DEVELOPER HAS .... HAS NOT .... FILED A CLAIM WITH AN
  362         INSURANCE PROVIDER RELATING TO FLOOD DAMAGE ON THE
  363         PROPERTY OR COMMON ELEMENTS, INCLUDING, BUT NOT
  364         LIMITED TO, A CLAIM WITH THE NATIONAL FLOOD INSURANCE
  365         PROGRAM.
  366  
  367         DEVELOPER HAS .... HAS NOT .... RECEIVED ASSISTANCE
  368         FOR FLOOD DAMAGE TO THE PROPERTY OR COMMON ELEMENTS,
  369         INCLUDING, BUT NOT LIMITED TO, ASSISTANCE FROM THE
  370         FEDERAL EMERGENCY MANAGEMENT AGENCY.
  371  
  372         FOR THE PURPOSES OF THIS DISCLOSURE, THE TERM
  373         “FLOODING” MEANS A GENERAL OR TEMPORARY CONDITION OF
  374         PARTIAL OR COMPLETE INUNDATION OF THE PROPERTY OR
  375         COMMON ELEMENTS CAUSED BY THE OVERFLOW OF INLAND OR
  376         TIDAL WATERS; THE UNUSUAL AND RAPID ACCUMULATION OF
  377         RUNOFF OR SURFACE WATERS FROM ANY ESTABLISHED WATER
  378         SOURCE, SUCH AS A RIVER, STREAM, OR DRAINAGE DITCH; OR
  379         SUSTAINED PERIODS OF STANDING WATER RESULTING FROM
  380         RAINFALL.
  381  
  382         Section 5. Subsection (6) is added to section 723.011,
  383  Florida Statutes, to read:
  384         723.011 Disclosure prior to rental of a mobile home lot;
  385  prospectus, filing, approval.—
  386         (6)(a)A mobile home park owner must complete and provide a
  387  flood disclosure to a prospective lessee of a mobile home lot.
  388  Delivery must be made prior to execution of the lot rental
  389  agreement or at the time of occupancy, whichever occurs first.
  390  The flood disclosure must be in a separate document. The flood
  391  disclosure must be made in substantially the following form:
  392  
  393                          FLOOD DISCLOSURE                         
  394         Flood Insurance: Homeowners’ and renters’ insurance
  395         policies do not include coverage for damage resulting
  396         from floods. You are encouraged to discuss the need to
  397         purchase separate flood insurance coverage with your
  398         insurance agent.
  399         1.The park owner has .... has no .... knowledge
  400         of any flooding that has damaged the property during
  401         park owner’s ownership of the property.
  402         2.The park owner has .... has not .... filed a
  403         claim with an insurance provider relating to flood
  404         damage on the property, including, but not limited to,
  405         a claim with the National Flood Insurance Program.
  406         3.The park owner has .... has not .... received
  407         assistance for flood damage to the property,
  408         including, but not limited to, assistance from the
  409         Federal Emergency Management Agency.
  410         4.For the purposes of this disclosure, the term
  411         “flooding” means a general or temporary condition of
  412         partial or complete inundation of the property caused
  413         by any of the following:
  414         a.The overflow of inland or tidal waters.
  415         b.The unusual and rapid accumulation of runoff
  416         or surface waters from any established water source,
  417         such as a river, stream, or drainage ditch.
  418         c.Sustained periods of standing water resulting
  419         from rainfall.
  420  
  421         (b)If a park owner violates this section and a lessee
  422  suffers a substantial loss or damage to the lessee’s mobile home
  423  or personal property as a result of flooding, the lessee may
  424  terminate the rental agreement by giving a written notice of
  425  termination to the park owner no later than 30 days after the
  426  date of the damage or loss. Termination of a rental agreement
  427  under this section is effective when the requirements of s.
  428  723.023(5) are met. For the purpose of this paragraph, the term
  429  “substantial loss or damage” means the total cost of repairs to
  430  or replacement of the mobile home and personal property is 50
  431  percent or more of the mobile home and personal property’s
  432  market value on the date the flooding occurred.
  433         (c)A park owner shall refund the lessee all rent or other
  434  amounts paid in advance under the rental agreement for any
  435  period after the effective date of the termination of the rental
  436  agreement.
  437         (d)This subsection does not affect a lessee’s liability
  438  for delinquent, unpaid rent or other sums owed to the park owner
  439  before the date the rental agreement was terminated by the
  440  lessee under this subsection.
  441         Section 6. This act shall take effect October 1, 2025.