Florida Statutes Part VI - Conversions To Cooperative (Ss. 719.604-719.622)

• 719.604 - Short Title.
  This part shall be known and may be cited as the “Roth Cooperative Conversion Act” in memory of Mr. James S. Roth, Director, Division of...
• 719.606 - Conversion Of Existing Improvements To Cooperative; Rental Agreements.
  When existing improvements are converted to ownership as a residential cooperative:(1)(a) Each residential tenant who has resided in the existing improvements for at least the 180...
• 719.608 - Notice Of Intended Conversion; Time Of Delivery; Content.
  (1) Prior to or simultaneous with the first offering of individual units to any person, each developer shall deliver a notice of intended conversion to all...
• 719.61 - Notices.
  (1) All notices from tenants to a developer shall be deemed given when deposited in the United States mail, addressed to the developer’s address as stated...
• 719.612 - Right Of First Refusal.
  (1) Each tenant, who for the 180 days preceding a notice of intended conversion has been a residential tenant of the existing improvements, shall have the...
• 719.614 - Economic Information To Be Provided.
  The developer shall distribute to tenants having a right of first refusal, if any:(1) Information in summary form regarding mortgage financing; estimated down payment; alternative financing...
• 719.616 - Disclosure Of Condition Of Building And Estimated Replacement Costs.
  (1) Each developer of a residential cooperative created by converting existing, previously occupied improvements to such form of ownership shall disclose the condition of the improvements...
• 719.618 - Converter Reserve Accounts; Warranties.
  (1) When existing improvements are converted to ownership as a residential cooperative, the developer shall establish reserve accounts for capital expenditures and deferred maintenance, or give...
• 719.62 - Prohibition Of Discrimination Against Nonpurchasing Tenants.
  When existing improvements are converted to cooperative, tenants who have not purchased a unit in the cooperative being created shall, during the remaining term of...
• 719.621 - Rulemaking Authority.
  The division may adopt rules to administer and ensure compliance with a developer’s obligations with respect to cooperative conversions concerning the filing and noticing of...
• 719.622 - Saving Clause.
  (1) All notices of intended conversion given subsequent to the effective date of this part shall be subject to the requirements of ss. 719.606, 719.608, and...

Last modified: September 23, 2016