FL H0583

Division of Florida Condominiums, Timeshares, and Mobile Homes must provide notice to homeowners' associations prior to approving any proposed amendments to a prospectus or offering circular.

Park owners must furnish prospective lessees with a prospectus or offering circular along with a mobile home expense disclosure document containing past, present, and estimated future lease amounts and factors affecting rent variations such as lot location or size.

Lot rental agreements become voidable by the lessee for 15 days upon delivery of a prospectus to a prospective lessee.

Market area or competitive area for comparable mobile home parks is defined as the county where the subject park is located plus any contiguous counties.

Effective date is July 1, 2011.