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. Section 689.302, Florida Statutes, is created to
13 read:
14 689.302 Disclosure of flood risks to prospective
15 purchaser.—A 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) Whether 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) Whether the property owner has maintained flood
23 insurance.
24 (3) Whether 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. This act shall take effect July 1, 2023.