What must a buyer receive when purchasing property in a development with a homeowners association in Florida?

When purchasing property in a development with a homeowners association (HOA) in Florida, it is essential for the buyer to receive a homeowner's association disclosure statement. This document is crucial as it provides prospective buyers with important information about the HOA, including its rules, regulations, and financial status. The disclosure statement can highlight the association's fees, any pending assessments, restrictions on property usage, and details about the governance of the community.

Understanding the contents of the homeowner's association disclosure statement helps buyers make informed decisions and clarifies what living in the community will entail. It ensures that buyers are aware of their rights and responsibilities within the community governed by the HOA, making it a fundamental part of the purchasing process in developments with such associations.