HOMEOWNERS’ ASSOCIATION/COMMUNITY
DISCLOSURE ADDENDUM
(Use A Separate Addendum For Each Mandatory Homeowners’ Association)
HADA 04/20
THIS ADDENDUM IS MADE BY THE UNDERSIGNED BUYER AND SELLER AND IS INCORPORATED INTO AND MADE A
PART OF THE PURCHASE AND SALE AGREEMENT BETWEEN BUYER AND SELLER (THE “AGREEMENT”). THIS
ADDENDUM IS REFERENCED IN THE AGREEMENT AND PERTAINS TO THE FOLLOWING PROPERTY:
__________________________________________________________________________________
__________________________________________________________________________________
.
IF THE DISCLOSURE SUMMARY REQUIRED BY SECTION 720.401, FLORIDA STATUTES, HAS NOT BEEN PROVIDED
TO THE PROSPECTIVE BUYER BEFORE EXECUTING THIS CONTRACT FOR SALE, THIS CONTRACT IS VOIDABLE BY
BUYER BY DELIVERING TO SELLER OR SELLER’S AGENT OR REPRESENTATIVE WRITTEN NOTICE OF THE
BUYER’S INTENTION TO CANCEL WITHIN 3 DAYS AFTER RECEIPT OF THE DISCLOSURE SUMMARY OR PRIOR TO
CLOSING, WHICHEVER OCCURS FIRST. ANY PURPORTED WAIVER OF THIS VOIDABILITY RIGHT HAS NO EFFECT.
BUYER’S RIGHT TO VOID THIS CONTRACT SHALL TERMINATE AT CLOSING.
DISCLOSURE SUMMARY FOR _________________________________________________________________________
(NAME
OF COMMUNITY)
1. AS A PURCHASER OF PROPERTY IN THIS COMMUNITY, YOU WILL BE OBLIGATED TO BE A MEMBER OF A
HOMEOWNER’S ASSOCIATION.
2. THERE HAVE BEEN OR WILL BE RECORDED RESTRICTIVE COVENANTS GOVERNING THE USE AND
OCCUPANCY OF PROPERTIES IN THIS COMMUNITY.
3. YOU WILL BE OBLIGATED TO PAY ASSESSMENTS TO THE ASSOCIATION. ASSESSMENTS MAY BE SUBJECT
TO PERIODIC CHANGE. IF APPLICABLE, THE CURRENT AMOUNT IS $_______________PER__________
PAYABLE TO _________________________________________________. YOU WILL ALSO BE OBLIGATED TO
PAY SPECIAL ASSESSMENTS IMPOSED BY THE ASSOCIATION. SUCH SPECIAL ASSESSMENTS MAY BE
SUBJECT TO CHANGE. IF APPLICABLE, THE CURRENT AMOUNT IS $ ___________ PER _______________.
4. YOU MAY BE OBLIGATED TO PAY A CAPITAL CONTRIBUTION TO THE HOMEOWNERS’ ASSOCIATION. IF
APPLICABLE, THE CURRENT AMOUNT IS $______________.
5. YOU MAY BE OBLIGATED TO PAY SPECIAL ASSESSMENTS TO THE RESPECTIVE MUNICIPALITY, COUNTY,
OR SPECIAL DISTRICT. ALL ASSESSMENTS ARE SUBJECT TO PERIODIC CHANGE.
6. YOUR FAILURE TO PAY SPECIAL ASSESSMENTS OR ASSESSMENTS LEVIED BY A MANDATORY
HOMEOWNERS’ ASSOCIATION COULD RESULT IN A LIEN ON YOUR PROPERTY.
7. THERE MAY BE AN OBLIGATION TO PAY RENT OR LAND USE FEES FOR RECREATIONAL OR OTHER
COMMONLY USED FACILITIES AS AN OBLIGATION OF MEMBERSHIP IN THE HOMEOWNERS’ ASSOCIATION.
IF APPLICABLE, THE CURRENT AMOUNT IS $ _______________ PER ____________________________. (THIS
PARAGRAPH IS NOT FOR COMMUNITY DEVELOPMENT DISTRICT FEES OR REGULAR ASSOCIATION FEES).
8. THE DEVELOPER MAY HAVE A RIGHT TO AMEND THE RESTRICTIVE COVENANTS WITHOUT THE APPROVAL
OF THE ASSOCIATION MEMBERSHIP OR THE APPROVAL OF THE PARCEL OWNERS.
9. THE STATEMENTS CONTAINED IN THIS DISCLOSURE FORM ARE ONLY SUMMARY IN NATURE, AND, AS A
PROSPECTIVE PURCHASER, YOU SHOULD REFER TO THE COVENANTS AND THE ASSOCIATION
GOVERNING DOCUMENTS BEFORE PURCHASING PROPERTY.
10. THESE DOCUMENTS ARE EITHER MATTERS OF PUBLIC RECORD AND CAN BE OBTAINED FROM THE
RECORD OFFICE IN THE COUNTY WHERE THE PROPERTY IS LOCATED, OR ARE NOT RECORDED AND CAN
BE OBTAINED FROM THE DEVELOPER.
BUYERS, BY THEIR SIGNATURES BELOW, ACKNOWLEDGE RECEIPT OF THIS SUMMARY BEFORE SIGNING A
PURCHASE AND SALE AGREEMENT.
_____________________________ _____________ ____________________________ _____________
BUYER SIGNATURE DATE SELLER SIGNATURE DATE
_____________________________ _____________ ____________________________ _____________
BUYER SIGNATURE DATE SELLER SIGNATURE DATE
_____________________________ _____________ ____________________________ _____________
BUYER SIGNATURE DATE SELLER SIGNATURE DATE
_____________________________ _____________ ____________________________ _____________
BUYER SIGNATURE DATE SELLER SIGNATURE DATE
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