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Florida Administrative Code (Last Updated: July 17, 2024) |
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61. Department of Business and Professional Regulation |
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61B. Division of Florida Condominiums, Timeshares and Mobile Homes |
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61B-24. Creation Of Condominium By Conversion |
1(1) A developer may offer a unit to a tenant at more than one price provided that all prices are offered to the tenant during the full right of first refusal period.
33(2) A developer may not require a purchasing tenant to close on a purchase prior to the expiration of the tenant’s rental agreement or any rental agreement extension period, provided, a developer may establish a higher price for the unit when a tenant elects a later closing. Time of closing shall be determined by developer and tenant negotiation.
91(3) A tenant bringing an action for specific performance to enforce a right of first refusal may record a lis pendens prior to the closing on the sale of the unit to a third party.
126(4) The right of first refusal exists to provide tenants the opportunity to continue their residence. Any restrictive covenant that would prevent a purchasing tenant from continuing residence in a unit purchased under the right of first refusal is unenforceable against such tenant.
169Specific Authority 171718.501(1)(f), 172718.621 FS. 174Law Implemented 176718.612 FS. 178History–Amended 9-6-81, Formerly 7D-24.05, 7D-24.005.
