Disclosure
Florida Disclosure Law for property sales:
In Johnson vs. Davis, the Florida Supreme Court held that “where the seller of a home knows of facts materially affecting the value of the property which are not readily observable and are not known to the buyer, the seller is under a duty to disclose them to the buyer.” This obligation extends to licensees and, per Section 475.278, Florida Statutes, all licensees have a legal obligation to disclose all known facts that materially affect the value of residential real property and are not readily observable to the buyer.
Obviously it includes all false or temporary perceptions not visible to the buyer. Knowledge of neighborhood structural advancements, rentals etc. all apply to the law. The Villages even goes into the facades of deed restrictions to preserve your value of property. Where someone would really have a good case is if a sales agent said,”You could always rent out the property. Everyone does it.” This would be a major issue and violate disclosure laws.
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Last edited by Normal; 07-13-2023 at 07:54 AM.
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