FL S1254

Requires developers or property owners to provide prospective buyers with a disclosure summary before executing a sales contract for property in a dependent special district, detailing mandatory membership, assessment obligations, and potential liens.

Allows buyers to void a sales contract within 3 days of receiving the disclosure summary if it was not provided before contract execution, and prohibits waiver of this right.

Creates a cause of action for buyers who relied on false or misleading information in developer marketing materials to rescind contracts before closing or collect damages up to 1 year after the final triggering event (closing, certificate of occupancy, or completion of common areas).

Entitles prevailing parties in disputes to recover reasonable attorney fees and prohibits developers from using community or special district funds to defend against such actions.

Takes effect July 1, 2019.