Property Management
A Florida property manager must disclose to prospective tenants if a unit was the site of:
AAny prior tenant living there
BA homicide or suicide (if known and disclosed in writing upon request in Florida)✓ Correct
COnly structural defects
DAny previous eviction
Explanation
Florida Statute 689.25 requires that if asked, a property owner or manager must disclose a homicide or suicide that occurred on the property if the inquiry is made in writing.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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