Who Must Tell Buyer about Deed Restrictions?
By Kwee Huset, Venice Florida Homes For Sale
(Kwee Huset Realty)
Who Must Tell Buyer about Deed Restrictions? Most of the newer communities in Venice, Florida have homeowner associations (HOA) with governing guidelines – see Chapter 720, Florida Statutes. Who must tell buyer about deed restrictions? The seller, the seller’s agent, the buyer’s agent or the association? Seller’s Duty If the buyer was not properly informed, whose responsibility will that be? In any real estate transaction the seller has the responsibility for the “disclosure summary” – Section 720.401 Florida Statutes. When the property is listed, the listing agent has the seller answer all the questions in the (1) Homeowners’ Association/Community Disclosure and (2) Seller’s Real Property Disclosure Statement with the date and seller’s signature. Even if the seller never lived at...
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