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A Florida property disclosure statement is a form provided to a home buyer that reveals the seller’s knowledge of material damage affecting the value and desirability of the property. The form identifies defects with the home itself and any legal issues or restrictions the property is subject to. Prospective buyers should refer to the reported information to evaluate the property’s overall condition and determine whether major repairs or renovations are needed. That said, the disclosure provides no warranty by the seller or their representation, and buyers are advised to perform their own inspection before signing a purchase agreement.
Laws – Johnson v. Davis, 480 So.2d 625
Purchase Agreement – The seller must make additional disclosures before executing a purchase agreement, including a radon disclosure, property tax disclosure, and a disclosure concerning the condominium or homeowner’s association (if applicable).