FL S1720

Creates new Florida Statute 689.302 requiring sellers of residential or commercial property to provide written flood risk disclosures to prospective purchasers before executing a sales contract.

Seller must disclose whether the property has suffered water damage or moisture-related damage from natural flood events within the past 10 years.

Seller must disclose whether the property owner has maintained flood insurance.

Seller must disclose whether any portion of the property is located in or near a designated flood hazard zone established by the Federal Emergency Management Agency.

Effective date: July 1, 2023.