61B-24.007 — Converter Reserve Accounts; Warranties; Disclosures

Florida Administrative Code Rule 61B-24.007 establishes requirements for reserve accounts, warranties, and disclosures in condominium conversions.

The rule sets forth the standards governing how converter reserve accounts must be established, maintained, and disclosed to unit purchasers in converted condominium properties. The rule addresses warranty obligations and informational disclosures that must be provided during the conversion process.

Persons and entities converting rental or other properties to condominium ownership in Florida.

Effective January 26, 1997.