Glossary · Condo Law

Condo Document Review Period

Florida's statutory reading window for condo buyers: 3 days on resale, 15 from a developer.

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Quick definition
Florida condominium law gives buyers a non-waivable cancellation window tied to receiving the condo documents: 3 business days after contract execution or document delivery (whichever is later) on a resale, and 15 days on a purchase from the developer. Cancel within the window and the deposit comes back. The documents include the declaration, articles, bylaws, rules, the budget and financial information, and the condominium Q&A sheet.

How the right works

The clock starts at the later of executing the contract or receiving the required documents — so late delivery extends the right. Cancellation within the window is unconditional: written notice, deposit returned. The right cannot be waived in the contract; Chapter 718 language to that effect is void.

What to actually read

In the current market, prioritize: the budget (does it fund the SIRS schedule?), the most recent SIRS and milestone reports, the Q&A sheet, recent meeting minutes if you can obtain them, and the leasing/rental restrictions in the declaration if flexibility matters to you. Three days is short — line up the reading before documents arrive, and pair the window with your inspection period.

Resale vs. developer purchases

Developer (new-construction) purchases carry the longer 15-day right and a larger prospectus-style document set. Resales carry the 3-business-day right and the current governing documents. In both cases the window is about the association's health, not the unit's condition — that's the inspection period's job.

Common questions.

Can the condo document review period be waived in Florida?
No — the cancellation right is statutory and non-waivable. Contract language purporting to waive it is void.
When does the 3-day condo review clock start?
At the later of contract execution or delivery of the required condominium documents. Late document delivery extends the window.
What should I focus on during the review?
Association finances: the budget against the SIRS schedule, milestone findings, open and discussed special assessments, and any use restrictions that affect your plans.

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