H.827 is a bill introduced by Representative Micklus of Milton that aims to modify the disclosure requirements for sellers of real property regarding flooding. The bill allows sellers who have never physically resided on the property to inform potential buyers in writing that they cannot confirm whether the property experienced flooding or flood damage during their ownership. This provision is intended to provide clarity for sellers who lack firsthand knowledge of the property's history concerning flooding.
The bill amends existing law by adding a new subsection that outlines this notification process for sellers who have not lived on the property. However, it also stipulates that sellers are still obligated to disclose any known flooding or flood damage that occurred while they owned the property. The act is set to take effect upon passage, ensuring that these new disclosure guidelines are implemented promptly.
Statutes affected: As Introduced: 27-380