(1) Any person contracts by written agreement to purchase real property before July 1, 1972, and the final maturity of the obligation is not ascertainable from the record of the contract, or accepts an assignment of such a contract, but
(2) Even though the existence of the contract or assignment appears from the record of the instrument or by reference to it in another recorded instrument, such person has not recorded a deed to the property or a judgment recognizing the person’s rights to the property and is not in actual possession of the property as defined in s. 95.16, then
the person and those claiming under the person shall have no further interest in the property by virtue of the contract or assignment. In these circumstances, the record of the contract or assignment, or other record reference to either, shall no longer constitute actual or constructive notice to any person acquiring any interest in the property.
History.—s. 1, ch. 24292, 1947; s. 19, ch. 74-382; s. 1, ch. 77-174; s. 528, ch. 95-147.
Structure Florida Statutes
Chapter 95 - Limitations of Actions; Adverse Possession
95.03 - Contracts Shortening Time.
95.04 - Promise to Pay Barred Debt.
95.051 - When Limitations Tolled.
95.091 - Limitation on Actions to Collect Taxes.
95.10 - Cause of Action Arising in Another State.
95.11 - Limitations Other Than for the Recovery of Real Property.
95.111 - Limitations After Death of a Person Served by Publication.
95.12 - Real Property Actions.
95.13 - Real Property Actions; Possession by Legal Owner Presumed.
95.14 - Real Property Actions; Limitation Upon Action Founded Upon Title.
95.16 - Real Property Actions; Adverse Possession Under Color of Title.
95.18 - Real Property Actions; Adverse Possession Without Color of Title.
95.191 - Limitations When Tax Deed Holder in Possession.
95.192 - Limitation Upon Acting Against Tax Deeds.
95.21 - Adverse Possession Against Lands Purchased at Sales Made by Executors.
95.22 - Limitation Upon Claims by Remaining Heirs, When Deed Made by One or More.
95.231 - Limitations Where Deed or Will on Record.
95.281 - Limitations; Instruments Encumbering Real Property.
95.35 - Termination of Contracts to Purchase Real Estate in Which There Is No Maturity Date.
95.36 - Dedications to Municipalities or Counties for Park Purposes.