NEW REAL ESTATE LAW

Wednesday, June 28, 2006

IT'S THE LAW

Last week, Gov. Jeb Bush signed SB 1948 into law,
requiring sellers ofcoastal property located seaward
of the coastal construction control line (CCCL) to make
additional disclosures effective this Saturday, July 1.
The disclosure, which must be given before the contract for
sale and purchase is executed, informs buyers of the
possibility of coastal erosion and that certain federal,
state or local environmental laws may regulate the coastal
property. You may view the disclosure language at
http://www.flsenate.gov. Search for billSB 1948.