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FL S0832
Bill
AI Summary
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Requires the Division of Florida Condominiums, Timeshares, and Mobile Homes to provide notice to homeowners' associations before approving proposed amendments to a prospectus or offering circular.
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Mandates park owners furnish prospective lessees with a mobile home expense disclosure document containing past, present, and estimated future lease year amounts along with factors affecting rent variations such as lot location or size.
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Defines the market area or competitive area for comparable mobile home parks as the county where the subject park is located plus any contiguous counties.
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Designates the prospectus, offering circular, and mobile home expense disclosure document as disclosure documents intended to protect homeowners and prospective homeowners.
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Takes effect July 1, 2011.
Legislative Description
Mobile Home Park Lot Tenancies
Last Action
Indefinitely postponed and withdrawn from consideration
5/7/2011