Florida Realtors’ Riders Being Revised
The condominium and cooperative riders will be updated on March 20 due to changes in law. The revisions are limited and address new documents buyers of certain condominiums and cooperatives are entitled to receive from sellers.
At this time, changes will take place on March 20, 2023. Documents changing include:
- Rider A. Condominium Rider to Florida Realtors/Florida Bar Residential Contract for Sale and Purchase (and its AS IS companion)
- Addendum F. Condominium Association to Contract for Residential Sale and Purchase (CRSP)
- Addendum to Contract for Sale and Purchase of Cooperative
The language in all forms noted above will be the same, with the cooperative statutory citations being the only difference. The language informs buyers that they now have access to two new documents. The first is the inspector-prepared summary of Milestone Inspection of the condominium or cooperative. The second is a structural integrity reserve study or a statement that the study has not been completed.