FL Community Association Manager Continuing Education

1. A clause which states: THE BUYER HEREBY ACKNOWLEDGES THAT BUYER HAS BEEN PROVIDED A CURRENT COPY OF THE ARTICLES OF INCORPORATION OF THE ASSOCIATION, BY LAWS, RULES OF THE ASSOCIATION, AND THE QUESTION AND ANSWER SHEET MORE THAN 7 3 DAYS, EXCLUDING SATURDAYS, AND LEGAL HOLIDAYS, BEFORE PRIOR TO EXECUTION OF THIS CONTRACT; or 2. A clause which states: THIS AGREEMENT IS VOIDABLE BY BUYER BY DELIVERING WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL WITHIN 7 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL HOLIDAYS, AFTER THE DATE OF EXECUTION OF THIS AGREEMENT BY THE BUYER AND RECEIPT BY BUYER OF A CURRENT COPY OF THE ARTICLES OF INCORPORATION, BY LAWS, AND RULES OF THE ASSOCIATION, AND QUESTION AND ANSWER SHEET, IF SO REQUESTED IN WRITING. ANY PURPORTED WAIVER OF THESE VOIDABILITY RIGHTS SHALL BE OF NO EFFECT. BUYER MAY EXTEND THE TIME FOR CLOSING FOR A PERIOD OF NOT MORE THAN 7 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL HOLIDAYS, AFTER THE BUYER RECEIVES THE ARTICLES OF INCORPORATION, BY LAWS, RULES, AND QUESTION AND ANSWER SHEET, IF REQUESTED IN WRITING. BUYER’S RIGHT TO VOID THIS AGREEMENT SHALL TERMINATE AT CLOSING. A contract that does not conform to the requirements of this paragraph is voidable at the option of the purchaser before prior to closing. (d) 2. A clause which states: THIS AGREEMENT IS VOIDABLE BY BUYER BY DELIVERING WRITTEN NOTICE OF THE BUYER’S INTENTION TO CANCEL WITHIN 7 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL HOLIDAYS, AFTER THE DATE OF EXECUTION OF THIS AGREEMENT BY THE BUYER AND RECEIPT BY BUYER OF A CURRENT COPY OF THE INSPECTOR-PREPARED SUMMARY OF THE MILESTONE INSPECTION REPORT AS DESCRIBED IN SECTION 553.899, FLORIDA STATUTES, IF APPLICABLE; A COPY OF THE TURNOVER INSPECTION REPORT DESCRIBED IN SECTION 719.301(4)(p) AND (q), FLORIDA STATUTES, IF APPLICABLE; AND A COPY OF THE ASSOCIATION’S MOST RECENT STRUCTURAL INTEGRITY RESERVE STUDY DESCRIBED IN SECTIONS 719.103(24) AND 719.106(1)(k), FLORIDA STATUTES, IF APPLICABLE. ANY PURPORTED WAIVER OF THESE VOIDABILITY RIGHTS SHALL BE OF NO EFFECT. BUYER MAY EXTEND THE TIME FOR CLOSING FOR A PERIOD OF NOT MORE THAN 7 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, ANDLEGAL HOLIDAYS, AFTER THE BUYER RECEIVES A CURRENT COPY OF THE INSPECTOR-PREPARED SUMMARY OF THE MILESTONE INSPECTION REPORT AS DESCRIBED IN SECTION 553.899, FLORIDA STATUTES; A COPY OF THE TURNOVER INSPECTION REPORT DESCRIBED IN SECTION 719.301(4)(p) AND (q), FLORIDA STATUTES; OR A COPY OF THE ASSOCIATION’S MOST RECENT STRUCTURAL INTEGRITY RESERVE STUDY DESCRIBED IN SECTIONS 719.103(24) AND 719.106(1)(k), FLORIDA STATUTES, IF REQUESTED IN WRITING. BUYER’S RIGHT TO VOID THIS AGREEMENT SHALL TERMINATE AT CLOSING.

A contract that does not conform to the requirements of this paragraph is voidable at the option of the purchaser before prior to closing. 914.21 Definitions. - As used in ss. 914.22-914.24, the term: (3) “Official investigation” means any investigation instituted by a law enforcement agency or prosecuting officer of the state or a political subdivision of the state or the Commission on Ethics or the Division of Florida Condominiums, Timeshares, and Mobile Homes of the Department of Business and Professional Regulation. Reenacted Statutes For the purpose of incorporating an amendment made to specific sections of Florida Statutes, in reference thereto, the following have been Reenacted : ● For the purpose of incorporating the amendment made by this act to section 468.4335, Florida Statutes, paragraph (b) of subsection (2) of section 468.436, Florida Statutes, ○ 468.436 Disciplinary proceedings. ● For the purpose of incorporating the amendment made by this act to section 718.110, Florida Statutes, paragraph (b) of subsection (2) of section 718.106, Florida Statutes, ○ 718.106 Condominium parcels; appurtenances; possession and enjoyment ● For the purpose of incorporating the amendment made by this act to section 718.110, Florida Statutes, subsection (4) of section 718.117, Florida Statutes, ○ 718.117 Termination of condominium. ● For the purpose of incorporating the amendment made by this act to section 718.110, Florida Statutes, paragraph (d) of subsection (1) of section 718.403, Florida Statutes, ○ 718.403 Phase condominiums. ● For the purpose of incorporating the amendment made by this act to section 718.110, Florida Statutes, subsection (4) of section 718.405, Florida Statutes, ○ 718.405 Multi condominiums; multi condominium associations. ● For the purpose of incorporating the amendment made by this act to section 718.111, Florida Statutes, paragraph (e) of subsection (3) of section 721.13, Florida Statutes, is reenacted to read: ○ 721.13 Management. ● For the purpose of incorporating the amendment made by this act to section 718.112, Florida Statutes, paragraph (a) of subsection (7) and paragraph (c) of subsection (21) of section 718.504, Florida Statutes, ○ 718.504 Prospectus or offering circular. ● For the purpose of incorporating the amendment made by this act to section 718.112, Florida Statutes, paragraph (d) of subsection (1) of section 718.618, Florida Statutes, ○ 718.618 Converter reserve accounts; warranties. ● For the purpose of incorporating the amendment made by this act to section 718.113, Florida Statutes, in a reference thereto, paragraph (e) of subsection (1) of section 718.115, Florida Statutes, ○ 718.115 Common expenses and common surplus. ● For the purpose of incorporating the amendments made by this act to sections 718.111, 718.112, and 718.503, Florida Statutes, subsections (1) and (3) of section 718.706, Florida Statutes, ○ 718.706 Specific provisions pertaining to offering of units by a bulk assignee or bulk buyer.

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Book Code: CAMFL1526

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