Emerald Lake, SPE, LLC, Park Owner, In Re: Emerald Lake Mobile Home Community, Docket No. 2010050399 ; The Division finds that Emerald Lake, SPE may not require the purchaser of an existing home in the community to enter into a new rental agreement ...

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Division of Florida Condominiums, Timeshares and Mobile Homes

NOTICE IS HEREBY GIVEN that Division of Florida Condominiums, Timeshares, and Mobile Homes, Department of Business and Professional Regulation, State of Florida, has issued an order disposing of the petition for declaratory statement filed by Emerald Lake, SPE, LLC, Park Owner, In Re: Emerald Lake Mobile Home Community, Docket No. 2010050399 on October 06, 2010. The following is a summary of the agency's disposition of the petition:
The Division finds that Emerald Lake, SPE may not require the purchaser of an existing home in the community to enter into a new rental agreement with it under the P3 prospectus, under Section 723.059(3), Florida Statutes, and must include the disclosure required by the Division to be included in the lifetime rental agreement amended into the P1, PA and P2 prospectus, and the language required to be included in the P3 prospectus, which are consistent with Section 723.059(3), Florida Statutes.
A copy of the Order Disposing of the Petition for Declaratory Statement may be obtained by contacting: Division Clerk, Department of Business and Professional Regulation, Division of Florida Condominiums, Timeshares, and Mobile Homes, 1940 North Monroe Street, Tallahassee, Florida 32399-2217.
Please refer all comments to: Janis Sue Richardson, Chief Assistant General Counsel, Department of Business and Professional Regulation, Division of Florida Condominiums, Timeshares, and Mobile Homes, 1940 North Monroe Street, Tallahassee, Florida 32399-2202.