(1) All notices of intended conversion given subsequent to the effective date of this part shall be subject to the requirements of ss. 719.606, 719.608, and 719.61. Tenants given such notices shall have a right of first refusal as provided by s. 719.612.
(2) The disclosure provided by s. 719.616 and required by ss. 719.503 and 719.504 to be furnished to each prospective buyer or lessee for a period of more than 5 years shall be provided to any such person who has not, prior to May 1, 1980, been furnished the documents, prospectus, or offering circular required by ss. 719.503 and 719.504.
(3) The provisions of s. 719.618 do not affect a conversion of existing improvements when a developer has filed with the division prior to May 1, 1980, provided:
(a) The documents are proper for filing purposes; and
(b) The developer, not later than 6 months after such filing, gives a notice of intended conversion.
History.—s. 14, ch. 80-3.
Structure Florida Statutes
Title XL - Real and Personal Property
Part VI - Conversions to Cooperative (Ss. 719.604-719.622)
719.606 - Conversion of existing improvements to cooperative; rental agreements.
719.608 - Notice of intended conversion; time of delivery; content.
719.612 - Right of first refusal.
719.614 - Economic information to be provided.
719.616 - Disclosure of condition of building and estimated replacement costs.
719.618 - Converter reserve accounts; warranties.
719.62 - Prohibition of discrimination against nonpurchasing tenants.