H.B. 1712 Summary

• Increases the minimum percentage of residential units that must be offered to prospective owner-occupants during the initial 30-day sales period from 50% to 90% in condominium projects.

• Excludes units in timeshare projects from the residential unit definition in Section 514B-95, along with existing exclusions for commercial, hotel/resort, and other county-designated uses.

• Requires developers to publish announcements stating that at least 90% of residential units will be offered only to owner-occupants during the initial 30-day sales period.

• Mandates that designated owner-occupant units maintain proportionate representation across square footage, bedrooms, bathrooms, floor level, and lanai features.

• Takes effect on January 1, 2050.