Property Ownership
Under Florida's condominium law, a seller must provide a buyer with the condominium documents. The buyer has the right to cancel the contract within how many days of receiving all required documents?
A3 calendar days
B5 calendar days✓ Correct
C3 business days
D15 calendar days
Explanation
Under Florida's condominium law (F.S. 718), a purchaser of a condominium unit has 3 business days (or 3 calendar days if purchasing a new unit from a developer) to cancel the contract after receiving all required condominium documents. This rescission right protects buyers by giving them time to review the association's financial condition, rules, and restrictions before committing.
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