Florida HB 325: Flood Disclosures for Residential and Commercial Property Sales

Bill Text

HB 325 2023

CODING: Words stricken are deletions; words underlined are additions.
hb0325-00
Page 1 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

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

HB 325 2023

CODING: Words stricken are deletions; words underlined are additions.
hb0325-00
Page 2 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

Section 2. This act shall take effect July 1, 2023. 26