Contents |
Realtor Version
Purchase and Sale Agreement – This residential purchase and sale agreement has been designed by the Northeast Florida Association of REALTORS® and is suggested for use by members of the association.
Download: PDF
Required Disclosures (7) |
1) Coastal Property Disclosure Statement
Before entering into a contract for the purchase and sale of real estate located partially or totally seaward (see definition in § 161.053), the buyer must be notified that the property may be subject to coastal erosion and to certain environmental and construction regulations. The notice must include the statutory language required by § 161.57(2).
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2) Condominium Disclosure
The reseller of a condominium (i.e., not the developer) must provide the buyer with documentation regarding the condo association, such as the association’s articles of incorporation, bylaws and rules, financial information, and all other items listed in § 718.503(2)(a). In addition, resellers must include in each purchase agreement the statements provided in § 718.503(2)(c), and developers must include the statements found in § 718.503(1)(a).
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3) Homeowner’s Association Disclosure
If a residential property is part of a community with an established homeowner’s association, the seller must provide the buyer with a statement containing specific statutory language that notifies the prospective owner of their membership responsibilities.
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4) Lead-Based Paint
If the residential property was built pre-1978, the seller must deliver to the buyer a lead paint information booklet and a disclosure regarding the seller’s knowledge of lead-based paint on the premises.
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5) Property Disclosure Statement
Sellers of residential property must document any known issues affecting the property and disclose such information to the buyer in this property disclosure statement.
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6) Property Tax Disclosure
Before or at the time a purchase agreement is executed, the buyer must receive a property tax disclosure containing the same or similar language as that provided in § 689.261(1).
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7) Radon Disclosure
The property seller must provide the buyer with information regarding the dangers of radon gas. This disclosure must be made in writing prior to or at the time of executing an agreement, and the written notice must contain the language set forth in § 404.056(5).
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