720.401 – Prospective purchasers subject to association membership requirement; disclosure required; covenants; assessments; contract cancellation.
720.401 Prospective purchasers subject to association membership requirement; disclosure required; covenants; assessments; contract cancellation.— (1)(a) A prospective parcel owner in a community must be presented a disclosure summary before executing the contract for sale. The disclosure summary must be in a form substantially similar to the following form: DISCLOSURE SUMMARYFOR(NAME OF COMMUNITY) 1. AS A PURCHASER OF PROPERTY […]