CS for CS for SB 948                             First Engrossed
       
       
       
       
       
       
       
       
       2025948e1
       
    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 and surrendering possession of the
   13         premises to the landlord within a specified timeframe;
   14         defining the term “substantial loss”; requiring a
   15         landlord to refund the tenant all amounts paid in
   16         advance for any period after the effective date of the
   17         termination of the rental agreement; providing that a
   18         tenant is still liable for any sum owed to the
   19         landlord before the termination of the rental
   20         agreement; amending s. 689.302, F.S.; revising the
   21         flood information that must be disclosed to
   22         prospective purchasers of residential real property;
   23         amending s. 718.503, F.S.; requiring a developer of a
   24         residential condominium unit to provide specified
   25         information to a prospective purchaser at or before
   26         the time the sales contract is executed; specifying
   27         how such information must be disclosed; defining the
   28         term “flooding”; amending s. 719.503, F.S.; requiring
   29         a developer of a residential condominium unit to
   30         provide specified information to a prospective
   31         purchaser at or before the time the sales contract is
   32         executed; specifying how such information must be
   33         disclosed; defining the term “flooding”; amending s.
   34         723.011, F.S.; requiring a park owner of a mobile home
   35         park to provide specified information to a prospective
   36         lessee at or before the time the rental agreement is
   37         executed; specifying how such information must be
   38         disclosed; defining the term “flooding”; providing
   39         that if a park owner fails to disclose flood
   40         information truthfully and a lessee suffers
   41         substantial loss or damage, the lessee may terminate
   42         the rental agreement by giving a written notice of
   43         termination to the park owner within a specified
   44         timeframe; specifying when the termination of a rental
   45         agreement is deemed effective; defining the term
   46         “substantial loss”; requiring a park owner to refund
   47         the lessee all amounts paid in advance for any period
   48         after the effective date of the termination of the
   49         rental agreement; providing that a lessee is still
   50         liable for any sum owed to the park owner before the
   51         termination of the rental agreement; providing an
   52         effective date.
   53          
   54  Be It Enacted by the Legislature of the State of Florida:
   55  
   56         Section 1. Section 83.512, Florida Statutes, is created to
   57  read:
   58         83.512Disclosure of flood risks to prospective tenant of
   59  residential real property.—
   60         (1)A landlord must complete and provide a flood disclosure
   61  to a prospective tenant of residential real property at or
   62  before the execution of a rental agreement for a term of 1 year
   63  or longer. The flood disclosure must be in a separate document.
   64  The flood disclosure must be made in substantially the following
   65  form:
   66  
   67                          FLOOD DISCLOSURE                         
   68         Flood Insurance: Renters’ insurance policies do not
   69         include coverage for damage resulting from floods.
   70         Tenant is encouraged to discuss the need to purchase
   71         separate flood insurance coverage with Tenant’s
   72         insurance agent.
   73         1.Landlord has .... has no .... knowledge of any
   74         flooding that has damaged the dwelling unit during
   75         Landlord’s ownership of the dwelling unit.
   76         2.Landlord has .... has not .... filed a claim
   77         with an insurance provider relating to flood damage in
   78         the dwelling unit, including, but not limited to, a
   79         claim with the National Flood Insurance Program.
   80         3.Landlord has .... has not .... received
   81         assistance for flood damage to the dwelling unit,
   82         including, but not limited to, assistance from the
   83         Federal Emergency Management Agency.
   84         4.For the purposes of this disclosure, the term
   85         “flooding” means a general or temporary condition of
   86         partial or complete inundation of the dwelling unit
   87         caused by any of the following:
   88         a.The overflow of inland or tidal waters.
   89         b.The unusual and rapid accumulation of runoff
   90         or surface waters from any established water source,
   91         such as a river, stream, or drainage ditch.
   92         c.Sustained periods of standing water resulting
   93         from rainfall.
   94  
   95         (2)If a landlord violates this section and a tenant
   96  suffers a substantial loss or damage to the tenant’s personal
   97  property as a result of flooding, the tenant may terminate the
   98  rental agreement by giving a written notice of termination and
   99  surrendering possession of the premises to the landlord no later
  100  than 30 days after the date of the damage or loss. Termination
  101  of a rental agreement under this section is effective upon the
  102  tenant surrendering possession of the dwelling unit. For the
  103  purpose of this section, the term “substantial loss or damage”
  104  means the total cost of repairs to or replacement of the
  105  personal property is 50 percent or more of the personal
  106  property’s market value on the date the flooding occurred.
  107         (3)A landlord shall refund the tenant all rent or other
  108  amounts paid in advance under the rental agreement for any
  109  period after the effective date of the termination of the rental
  110  agreement.
  111         (4)This section does not affect a tenant’s liability for
  112  delinquent, unpaid rent or other sums owed to the landlord
  113  before the date the rental agreement was terminated by the
  114  tenant under this section.
  115         Section 2. Section 689.302, Florida Statutes, is amended to
  116  read:
  117         689.302 Disclosure of flood risks to prospective
  118  purchaser.—A seller must complete and provide a flood disclosure
  119  to a purchaser of residential real property at or before the
  120  time the sales contract is executed. The flood disclosure must
  121  be made in the following form:
  122  
  123                          FLOOD DISCLOSURE                         
  124         Flood Insurance: Homeowners’ insurance policies do not
  125         include coverage for damage resulting from floods.
  126         Buyer is encouraged to discuss the need to purchase
  127         separate flood insurance coverage with Buyer’s
  128         insurance agent.
  129         (1) Seller has  has no  knowledge of any
  130         flooding that has damaged the property during Seller’s
  131         ownership of the property.
  132         (2) Seller has ☐ has not ☐ filed a claim with an
  133         insurance provider relating to flood damage on the
  134         property, including, but not limited to, a claim with
  135         the National Flood Insurance Program.
  136         (3)(2) Seller has ☐ has not ☐ received federal
  137         assistance for flood damage to the property,
  138         including, but not limited to, assistance from the
  139         Federal Emergency Management Agency.
  140         (4)(3) For the purposes of this disclosure, the
  141         term “flooding” means a general or temporary condition
  142         of partial or complete inundation of the property
  143         caused by any of the following:
  144         (a) The overflow of inland or tidal waters.
  145         (b) The unusual and rapid accumulation of runoff
  146         or surface waters from any established water source,
  147         such as a river, stream, or drainage ditch.
  148         (c) Sustained periods of standing water resulting
  149         from rainfall.
  150  
  151         Section 3. Paragraph (a) of subsection (1) of section
  152  718.503, Florida Statutes, is amended to read:
  153         718.503 Developer disclosure prior to sale; nondeveloper
  154  unit owner disclosure prior to sale; voidability.—
  155         (1) DEVELOPER DISCLOSURE.—
  156         (a) Contents of contracts.—Any contract for the sale of a
  157  residential unit or a lease thereof for an unexpired term of
  158  more than 5 years shall:
  159         1. Contain the following legend in conspicuous type:
  160  
  161         THIS AGREEMENT IS VOIDABLE BY BUYER BY DELIVERING
  162         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  163         WITHIN 15 DAYS AFTER THE DATE OF EXECUTION OF THIS
  164         AGREEMENT BY THE BUYER, AND RECEIPT BY BUYER OF ALL OF
  165         THE ITEMS REQUIRED TO BE DELIVERED TO HIM OR HER BY
  166         THE DEVELOPER UNDER SECTION 718.503, FLORIDA STATUTES.
  167         THIS AGREEMENT IS ALSO VOIDABLE BY BUYER BY DELIVERING
  168         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  169         WITHIN 15 DAYS AFTER THE DATE OF RECEIPT FROM THE
  170         DEVELOPER OF ANY AMENDMENT WHICH MATERIALLY ALTERS OR
  171         MODIFIES THE OFFERING IN A MANNER THAT IS ADVERSE TO
  172         THE BUYER. ANY PURPORTED WAIVER OF THESE VOIDABILITY
  173         RIGHTS SHALL BE OF NO EFFECT. BUYER MAY EXTEND THE
  174         TIME FOR CLOSING FOR A PERIOD OF NOT MORE THAN 15 DAYS
  175         AFTER THE BUYER HAS RECEIVED ALL OF THE ITEMS
  176         REQUIRED. BUYER’S RIGHT TO VOID THIS AGREEMENT SHALL
  177         TERMINATE AT CLOSING. FIGURES CONTAINED IN ANY BUDGET
  178         DELIVERED TO THE BUYER PREPARED IN ACCORDANCE WITH THE
  179         CONDOMINIUM ACT ARE ESTIMATES ONLY AND REPRESENT AN
  180         APPROXIMATION OF FUTURE EXPENSES BASED ON FACTS AND
  181         CIRCUMSTANCES EXISTING AT THE TIME OF THE PREPARATION
  182         OF THE BUDGET BY THE DEVELOPER. ACTUAL COSTS OF SUCH
  183         ITEMS MAY EXCEED THE ESTIMATED COSTS. SUCH CHANGES IN
  184         COST DO NOT CONSTITUTE MATERIAL ADVERSE CHANGES IN THE
  185         OFFERING.
  186  
  187         2. Contain the following caveat in conspicuous type on the
  188  first page of the contract:
  189  
  190         ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS
  191         CORRECTLY STATING THE REPRESENTATIONS OF THE
  192         DEVELOPER. FOR CORRECT REPRESENTATIONS, REFERENCE
  193         SHOULD BE MADE TO THIS CONTRACT AND THE DOCUMENTS
  194         REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE
  195         FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.
  196  
  197         3. If the unit has been occupied by someone other than the
  198  buyer, contain a statement that the unit has been occupied.
  199         4. If the contract is for the sale or transfer of a unit
  200  subject to a lease, include as an exhibit a copy of the executed
  201  lease and shall contain within the text in conspicuous type:
  202  THE UNIT IS SUBJECT TO A LEASE (OR SUBLEASE).
  203         5. If the contract is for the lease of a unit for a term of
  204  5 years or more, include as an exhibit a copy of the proposed
  205  lease.
  206         6. If the contract is for the sale or lease of a unit that
  207  is subject to a lien for rent payable under a lease of a
  208  recreational facility or other commonly used facility, contain
  209  within the text the following statement in conspicuous type:
  210  
  211         THIS CONTRACT IS FOR THE TRANSFER OF A UNIT THAT IS
  212         SUBJECT TO A LIEN FOR RENT PAYABLE UNDER A LEASE OF
  213         COMMONLY USED FACILITIES. FAILURE TO PAY RENT MAY
  214         RESULT IN FORECLOSURE OF THE LIEN.
  215  
  216         7. State the name and address of the escrow agent required
  217  by s. 718.202 and state that the purchaser may obtain a receipt
  218  for his or her deposit from the escrow agent upon request.
  219         8. If the contract is for the sale or transfer of a unit in
  220  a condominium in which timeshare estates have been or may be
  221  created, contain within the text in conspicuous type: UNITS IN
  222  THIS CONDOMINIUM ARE SUBJECT TO TIMESHARE ESTATES. The contract
  223  for the sale of a fee interest in a timeshare estate shall also
  224  contain, in conspicuous type, the following:
  225  
  226         FOR THE PURPOSE OF AD VALOREM TAXES OR SPECIAL
  227         ASSESSMENTS LEVIED BY TAXING AUTHORITIES AGAINST A FEE
  228         INTEREST IN A TIMESHARE ESTATE, THE MANAGING ENTITY IS
  229         GENERALLY CONSIDERED THE TAXPAYER UNDER FLORIDA LAW.
  230         YOU HAVE THE RIGHT TO CHALLENGE AN ASSESSMENT BY A
  231         TAXING AUTHORITY RELATING TO YOUR TIMESHARE ESTATE
  232         PURSUANT TO THE PROVISIONS OF CHAPTER 194, FLORIDA
  233         STATUTES.
  234  
  235         9.Contain within the text the following statement in
  236  conspicuous type:
  237  
  238         HOMEOWNERS’ INSURANCE POLICIES DO NOT INCLUDE COVERAGE
  239         FOR DAMAGE RESULTING FROM FLOODING. BUYER IS
  240         ENCOURAGED TO DISCUSS THE NEED TO PURCHASE SEPARATE
  241         FLOOD INSURANCE COVERAGE WITH BUYER’S INSURANCE AGENT.
  242  
  243         DEVELOPER HAS .... HAS NO .... KNOWLEDGE OF ANY
  244         FLOODING THAT HAS DAMAGED THE PROPERTY DURING
  245         DEVELOPER’S OWNERSHIP OF THE PROPERTY.
  246  
  247         DEVELOPER HAS .... HAS NOT .... FILED A CLAIM WITH AN
  248         INSURANCE PROVIDER RELATING TO FLOOD DAMAGE ON THE
  249         PROPERTY OR COMMON ELEMENTS, INCLUDING, BUT NOT
  250         LIMITED TO, A CLAIM WITH THE NATIONAL FLOOD INSURANCE
  251         PROGRAM.
  252  
  253         DEVELOPER HAS .... HAS NOT .... RECEIVED ASSISTANCE
  254         FOR FLOOD DAMAGE TO THE PROPERTY OR COMMON ELEMENTS,
  255         INCLUDING, BUT NOT LIMITED TO, ASSISTANCE FROM THE
  256         FEDERAL EMERGENCY MANAGEMENT AGENCY.
  257  
  258         FOR THE PURPOSES OF THIS DISCLOSURE, THE TERM
  259         “FLOODING” MEANS A GENERAL OR TEMPORARY CONDITION OF
  260         PARTIAL OR COMPLETE INUNDATION OF THE PROPERTY OR
  261         COMMON ELEMENTS CAUSED BY THE OVERFLOW OF INLAND OR
  262         TIDAL WATERS; THE UNUSUAL AND RAPID ACCUMULATION OF
  263         RUNOFF OR SURFACE WATERS FROM ANY ESTABLISHED WATER
  264         SOURCE, SUCH AS A RIVER, STREAM, OR DRAINAGE DITCH; OR
  265         SUSTAINED PERIODS OF STANDING WATER RESULTING FROM
  266         RAINFALL.
  267  
  268         Section 4. Paragraph (a) of subsection (1) of section
  269  719.503, Florida Statutes, is amended to read:
  270         719.503 Disclosure prior to sale.—
  271         (1) DEVELOPER DISCLOSURE.—
  272         (a) Contents of contracts.—Any contracts for the sale of a
  273  unit or a lease thereof for an unexpired term of more than 5
  274  years shall contain:
  275         1. The following legend in conspicuous type:
  276  
  277         THIS AGREEMENT IS VOIDABLE BY BUYER BY DELIVERING
  278         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  279         WITHIN 15 DAYS AFTER THE DATE OF EXECUTION OF THIS
  280         AGREEMENT BY THE BUYER, AND RECEIPT BY BUYER OF ALL OF
  281         THE ITEMS REQUIRED TO BE DELIVERED TO HIM OR HER BY
  282         THE DEVELOPER UNDER SECTION 719.503, FLORIDA STATUTES.
  283         THIS AGREEMENT IS ALSO VOIDABLE BY BUYER BY DELIVERING
  284         WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL
  285         WITHIN 15 DAYS AFTER THE DATE OF RECEIPT FROM THE
  286         DEVELOPER OF ANY AMENDMENT WHICH MATERIALLY ALTERS OR
  287         MODIFIES THE OFFERING IN A MANNER THAT IS ADVERSE TO
  288         THE BUYER. ANY PURPORTED WAIVER OF THESE VOIDABILITY
  289         RIGHTS SHALL BE OF NO EFFECT. BUYER MAY EXTEND THE
  290         TIME FOR CLOSING FOR A PERIOD OF NOT MORE THAN 15 DAYS
  291         AFTER THE BUYER HAS RECEIVED ALL OF THE ITEMS
  292         REQUIRED. BUYER’S RIGHT TO VOID THIS AGREEMENT SHALL
  293         TERMINATE AT CLOSING. FIGURES CONTAINED IN ANY BUDGET
  294         DELIVERED TO THE BUYER PREPARED IN ACCORDANCE WITH THE
  295         COOPERATIVE ACT ARE ESTIMATES ONLY AND REPRESENT AN
  296         APPROXIMATION OF FUTURE EXPENSES BASED ON FACTS AND
  297         CIRCUMSTANCES EXISTING AT THE TIME OF THE PREPARATION
  298         OF THE BUDGET BY THE DEVELOPER. ACTUAL COSTS OF SUCH
  299         ITEMS MAY EXCEED THE ESTIMATED COSTS. SUCH CHANGES IN
  300         COST DO NOT CONSTITUTE MATERIAL ADVERSE CHANGES IN THE
  301         OFFERING.
  302  
  303         2. The following caveat in conspicuous type shall be placed
  304  upon the first page of the contract:
  305  
  306         ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS
  307         CORRECTLY STATING THE REPRESENTATIONS OF THE
  308         DEVELOPER. FOR CORRECT REPRESENTATIONS, REFERENCE
  309         SHOULD BE MADE TO THIS CONTRACT AND THE DOCUMENTS
  310         REQUIRED BY SECTION 719.503, FLORIDA STATUTES, TO BE
  311         FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.
  312  
  313         3. If the unit has been occupied by someone other than the
  314  buyer, a statement that the unit has been occupied.
  315         4. If the contract is for the sale or transfer of a unit
  316  subject to a lease, the contract shall include as an exhibit a
  317  copy of the executed lease and shall contain within the text in
  318  conspicuous type: THE UNIT IS SUBJECT TO A LEASE (OR
  319  SUBLEASE).
  320         5. If the contract is for the lease of a unit for a term of
  321  5 years or more, the contract shall include as an exhibit a copy
  322  of the proposed lease.
  323         6. If the contract is for the sale or lease of a unit that
  324  is subject to a lien for rent payable under a lease of a
  325  recreational facility or other common areas, the contract shall
  326  contain within the text the following statement in conspicuous
  327  type: THIS CONTRACT IS FOR THE TRANSFER OF A UNIT THAT IS
  328  SUBJECT TO A LIEN FOR RENT PAYABLE UNDER A LEASE OF COMMON
  329  AREAS. FAILURE TO PAY RENT MAY RESULT IN FORECLOSURE OF THE
  330  LIEN.
  331         7. The contract shall state the name and address of the
  332  escrow agent required by s. 719.202 and shall state that the
  333  purchaser may obtain a receipt for his or her deposit from the
  334  escrow agent, upon request.
  335         8. If the contract is for the sale or transfer of a unit in
  336  a cooperative in which timeshare estates have been or may be
  337  created, the following text in conspicuous type: UNITS IN THIS
  338  COOPERATIVE ARE SUBJECT TO TIMESHARE ESTATES. The contract for
  339  the sale of a timeshare estate must also contain, in conspicuous
  340  type, the following:
  341  
  342         FOR THE PURPOSE OF AD VALOREM TAXES OR SPECIAL
  343         ASSESSMENTS LEVIED BY TAXING AUTHORITIES AGAINST A
  344         TIMESHARE ESTATE, THE MANAGING ENTITY IS GENERALLY
  345         CONSIDERED THE TAXPAYER UNDER FLORIDA LAW. YOU HAVE
  346         THE RIGHT TO CHALLENGE AN ASSESSMENT BY A TAXING
  347         AUTHORITY RELATING TO YOUR TIMESHARE ESTATE PURSUANT
  348         TO THE PROVISIONS OF CHAPTER 194, FLORIDA STATUTES.
  349  
  350         9.Contain within the text the following statement in
  351  conspicuous type:
  352  
  353         HOMEOWNERS’ INSURANCE POLICIES DO NOT INCLUDE COVERAGE
  354         FOR DAMAGE RESULTING FROM FLOODING. BUYER IS
  355         ENCOURAGED TO DISCUSS THE NEED TO PURCHASE SEPARATE
  356         FLOOD INSURANCE COVERAGE WITH BUYER’S INSURANCE AGENT.
  357  
  358         DEVELOPER HAS .... HAS NO .... KNOWLEDGE OF ANY
  359         FLOODING THAT HAS DAMAGED THE PROPERTY DURING
  360         DEVELOPER’S OWNERSHIP OF THE PROPERTY.
  361  
  362         DEVELOPER HAS .... HAS NOT .... FILED A CLAIM WITH AN
  363         INSURANCE PROVIDER RELATING TO FLOOD DAMAGE ON THE
  364         PROPERTY OR COMMON ELEMENTS, INCLUDING, BUT NOT
  365         LIMITED TO, A CLAIM WITH THE NATIONAL FLOOD INSURANCE
  366         PROGRAM.
  367  
  368         DEVELOPER HAS .... HAS NOT .... RECEIVED ASSISTANCE
  369         FOR FLOOD DAMAGE TO THE PROPERTY OR COMMON ELEMENTS,
  370         INCLUDING, BUT NOT LIMITED TO, ASSISTANCE FROM THE
  371         FEDERAL EMERGENCY MANAGEMENT AGENCY.
  372  
  373         FOR THE PURPOSES OF THIS DISCLOSURE, THE TERM
  374         “FLOODING” MEANS A GENERAL OR TEMPORARY CONDITION OF
  375         PARTIAL OR COMPLETE INUNDATION OF THE PROPERTY OR
  376         COMMON ELEMENTS CAUSED BY THE OVERFLOW OF INLAND OR
  377         TIDAL WATERS; THE UNUSUAL AND RAPID ACCUMULATION OF
  378         RUNOFF OR SURFACE WATERS FROM ANY ESTABLISHED WATER
  379         SOURCE, SUCH AS A RIVER, STREAM, OR DRAINAGE DITCH; OR
  380         SUSTAINED PERIODS OF STANDING WATER RESULTING FROM
  381         RAINFALL.
  382  
  383         Section 5. Subsection (6) is added to section 723.011,
  384  Florida Statutes, to read:
  385         723.011 Disclosure prior to rental of a mobile home lot;
  386  prospectus, filing, approval.—
  387         (6)(a)A mobile home park owner must complete and provide a
  388  flood disclosure to a prospective lessee of a mobile home lot.
  389  Delivery must be made prior to execution of the lot rental
  390  agreement or at the time of occupancy, whichever occurs first.
  391  The flood disclosure must be in a separate document. The flood
  392  disclosure must be made in substantially the following form:
  393  
  394                          FLOOD DISCLOSURE                         
  395         Flood Insurance: Homeowners’ and renters’ insurance
  396         policies do not include coverage for damage resulting
  397         from floods. You are encouraged to discuss the need to
  398         purchase separate flood insurance coverage with your
  399         insurance agent.
  400         1.The park owner has .... has no .... knowledge
  401         of any flooding that has damaged the property during
  402         park owner’s ownership of the property.
  403         2.The park owner has .... has not .... filed a
  404         claim with an insurance provider relating to flood
  405         damage on the property, including, but not limited to,
  406         a claim with the National Flood Insurance Program.
  407         3.The park owner has .... has not .... received
  408         assistance for flood damage to the property,
  409         including, but not limited to, assistance from the
  410         Federal Emergency Management Agency.
  411         4.For the purposes of this disclosure, the term
  412         “flooding” means a general or temporary condition of
  413         partial or complete inundation of the property caused
  414         by any of the following:
  415         a.The overflow of inland or tidal waters.
  416         b.The unusual and rapid accumulation of runoff
  417         or surface waters from any established water source,
  418         such as a river, stream, or drainage ditch.
  419         c.Sustained periods of standing water resulting
  420         from rainfall.
  421  
  422         (b)If a park owner violates this section and a lessee
  423  suffers a substantial loss or damage to the lessee’s mobile home
  424  or personal property as a result of flooding, the lessee may
  425  terminate the rental agreement by giving a written notice of
  426  termination to the park owner no later than 30 days after the
  427  date of the damage or loss. Termination of a rental agreement
  428  under this section is effective when the requirements of s.
  429  723.023(5) are met. For the purpose of this paragraph, the term
  430  “substantial loss or damage” means the total cost of repairs to
  431  or replacement of the mobile home and personal property is 50
  432  percent or more of the mobile home and personal property’s
  433  market value on the date the flooding occurred.
  434         (c)A park owner shall refund the lessee all rent or other
  435  amounts paid in advance under the rental agreement for any
  436  period after the effective date of the termination of the rental
  437  agreement.
  438         (d)This subsection does not affect a lessee’s liability
  439  for delinquent, unpaid rent or other sums owed to the park owner
  440  before the date the rental agreement was terminated by the
  441  lessee under this subsection.
  442         Section 6. This act shall take effect October 1, 2025.