What Is a Florida HOA Disclosure Summary?

The summary follows a form set by statute. It states that membership in the homeowners' association is mandatory, that recorded restrictive covenants govern the use and occupancy of properties, and that the buyer will owe association assessments and any special assessments, with current amounts filled in where applicable. It also notes possible special assessments from a city, county, or special district, possible rent or land use fees for shared facilities, the risk of a lien for unpaid assessments, and any developer right to amend the covenants without owner approval.

The developer supplies the summary, or the parcel owner supplies it when the seller is not the developer. The contract must refer to and incorporate the summary and must say in prominent language that the buyer should not sign until receiving and reading it. Each contract must also contain a conspicuous clause describing the buyer's right to void the contract.

The cancellation right cannot be waived and ends at closing. The section does not apply to associations governed by Florida's condominium, cooperative, timeshare, or mobile home park chapters.

Resale paperwork from the association is covered in what an HOA estoppel certificate is, and owner disputes are covered in how HOA disputes are resolved in Florida.