The new (2025) condominium rider…
requires that the Seller disclose if the condoiminium:
- is the condominium if required to, and has completed a, milestone inspection report as described in Section 553.899, F.S.
- is required to and has completed a turnover inspection report for a turnover inspection performed on or after July 1, 2023, as described in Section 718.301(4)(p) and (q), F.S.
- is required to and has completed a structural integrity reserve study as described in Sections 718.103(28) and 718.112(2)(g), F.S.
And if the Buyer requestes these documents then the Seller must provide them and the Buyer MAY GIVE WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL WITHIN 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL HOLIDAYS, AFTER THE DATE OF EXECUTION OF THIS AGREEMENT BY THE BUYER AND RECEIPT BY BUYER OF A CURRENT COPY OF THE INSPECTOR-PREPARED SUMMARY OF THE MILESTONE INSPECTION REPORT AS DESCRIBED IN SECTION 553.899, FLORIDA STATUTES, IF APPLICABLE;
So, basically, if the condominium has a milestone inspection report, and/or a turnover inspection report, and/or a structural integrity reserve study then, similar to the condo documents langauge, these must be provided by the Seller and if the Buyer does not like what they say then they can cancel the Contract within 3 business days of receipt of these.
