Florida Real Estate Purchase Agreement Template

1.) Coastal Properties: This notice informs buyers whether a property is seaward of a specific coastal line, which may make it subject to construction regulations and erosion (§ 161.57). It warns that the land is susceptible to fluctuations due to storms and tides.

2.) Homeowners’ Association (HOA): The seller must disclose all community and homeowners’ associations, along with their bylaws and fees (§ 720.401). Buyers have a three-day right to cancel the contract after receiving this disclosure.

3.) Lead-Based Paint Disclosure: Federal law requires sellers to disclose known lead-based paint hazards on properties built before 1978 (42 U.S. Code § 4852d).

4.) Condominium Rider: If the property being sold is a condominium, the seller must disclose its association’s rules, fees, and operating information (§ 718.503(2)(a)).

5.) Property Tax: This form warns buyers not to rely on the seller’s current property tax amount to estimate future taxes. A change in ownership often triggers a reassessment that may result in a tax increase (§ 689.261).

6.) Radon Gas: This notice explains that radon is a naturally occurring radioactive gas that can accumulate in buildings and pose health risks (§ 404.056(5)). It advises buyers to test the air for radon levels before completing the purchase.

7.) Seller’s Residential Property Disclosure: The seller must disclose information about the property’s material condition and all known defects (Johnson v. Davis, 480 So. 2d 625 & Jensen v. Bailey, 76 So. 3d 980). If the property is a condominium, use the Seller’s Property Disclosure for a Condominium form.