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Fla. Stat. § 190.048

Sale of real estate within a district; required disclosure to purchaser

Known as the Uniform Community Development District Act

The act spans §§ 190–190 (35 sections).

Applied in 1 court decision — leading case Bruno v. Mona Lisa at Celebration, LLC (In re Mona Lisa at Celebration, LLC) (2012)

Most recently applied in Bruno v. Mona Lisa at Celebration, LLC (In re Mona Lisa at Celebration, LLC) (May 2012)

History.--s. 15, ch. 84-360; s. 3, ch. 90-46; s. 44, ch. 99-378.

Subsequent to the establishment of a district under this chapter, each contract for the initial sale of a parcel of real property and each contract for the initial sale of a residential unit within the district shall include, immediately prior to the space reserved in the contract for the signature of the purchaser, the following disclosure statement in boldfaced and conspicuous type which is larger than the type in the remaining text of the contract: “THE (Name of District) COMMUNITY DEVELOPMENT DISTRICT MAY IMPOSE AND LEVY TAXES OR ASSESSMENTS, OR BOTH TAXES AND ASSESSMENTS, ON THIS PROPERTY. THESE TAXES AND ASSESSMENTS PAY THE CONSTRUCTION, OPERATION, AND MAINTENANCE COSTS OF CERTAIN PUBLIC FACILITIES AND SERVICES OF THE DISTRICT AND ARE SET ANNUALLY BY THE GOVERNING BOARD OF THE DISTRICT. THESE TAXES AND ASSESSMENTS ARE IN ADDITION TO COUNTY AND OTHER LOCAL GOVERNMENTAL TAXES AND ASSESSMENTS AND ALL OTHER TAXES AND ASSESSMENTS PROVIDED FOR BY LAW.”

Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.