The proposed bill introduces new requirements for landlords, sellers, and developers regarding the disclosure of flood risks associated with residential properties. Under the new section 83.512, landlords are mandated to provide a flood disclosure document to prospective tenants before executing a rental agreement for a term of one year or longer. This document must detail any past flooding incidents and inform tenants about the potential need for separate flood insurance. If a landlord fails to provide accurate flood information and a tenant experiences substantial loss or damage, the tenant has the right to terminate the rental agreement and receive a refund for any rent paid in advance after the termination date. The bill also enhances flood risk disclosures for prospective purchasers of residential real property, requiring sellers and developers to disclose known flood damage and the necessity for separate flood insurance.

Additionally, the bill establishes new requirements for mobile home park owners, who must provide a separate flood disclosure document before executing a lot rental agreement or at the time of occupancy. This document must include information about the owner's awareness of any flood damage, claims filed with insurance providers, and assistance received for flood damage, including from FEMA. If a mobile home park owner fails to comply with these disclosure requirements and a lessee suffers substantial loss or damage due to flooding, the lessee can terminate the rental agreement within 30 days of the incident and is entitled to a refund for any rent paid in advance for the period following the termination. The provisions of this act are set to take effect on October 1, 2025.

Statutes affected:
H 1015 Filed: 689.302, 718.503
H 1015 c1: 689.302, 718.503
H 1015 c2: 689.302, 718.503, 719.503