Florida Senate - 2023 SB 1720
By Senator Rouson
16-01323-23 20231720__
1 A bill to be entitled
2 An act relating to flood disclosures for residential
3 and commercial property sales; creating s. 689.302,
4 F.S.; requiring a seller of residential or commercial
5 property to disclose in writing certain flood
6 information to a prospective purchaser before
7 executing a contract for the sale of the property;
8 providing an effective date.
9
10 Be It Enacted by the Legislature of the State of Florida:
11
12 Section 1.âSection 689.302, Florida Statutes, is created to
13 read:
14 689.302âDisclosure of flood risks to prospective
15 purchaser.âA seller of residential or commercial property,
16 before executing a contract for sale, shall disclose in writing
17 to a prospective purchaser all of the following information
18 known to the seller:
19 (1)âWhether the property has suffered water damage or
20 moisture-related damage caused by a natural flood event within
21 the last 10 years.
22 (2)âWhether the property owner has maintained flood
23 insurance.
24 (3)âWhether any portion of the property is located in or
25 near a designated flood hazard zone established by the Federal
26 Emergency Management Agency.
27 Section 2.âThis act shall take effect July 1, 2023.