Effective July 1, 2025, Florida Bill 913 significantly changes condo contracts.
If you’re buying or selling a condominium in Naples — or anywhere in Florida — you need to understand how this impacts your rights and timelines.
What Changed?
Before July 1, buyers had 3 business days (not including weekends or holidays) to review condominium documents, financials, and community information after receiving them. During that 3-day rescission period, buyers could cancel the contract without penalty.
Florida Bill 913: What It Means for Buyers and Sellers
Under Florida Bill 913, the condo document review period has now been extended to seven business days. Because weekends and holidays do not count as business days, buyers may actually have up to 11 calendar days to review documents before they are officially locked into the contract.
For example:
If a contract is signed on a Friday, the first weekend does not count, seven business days follow, and the second weekend falls in between. This gives the buyer up to 11 total days to make a final decision. That is nearly four times longer than the previous review window.
What This Means for Buyers
This change gives buyers more time for due diligence. You can carefully review budgets, reserves, assessments, and condo bylaws before fully committing. It also lowers risk, since if something concerning comes up, such as deferred maintenance or high association fees, you have more time to walk away without penalty.
What This Means for Sellers
For sellers, this creates a longer period of uncertainty. Even after signing, a buyer can cancel up to 11 days later. Some may rush through inspections early and then decide to back out toward the end of the rescission window. It also makes contract structure more important than ever, since even “As-Is” agreements do not remove the new seven-day condo document rescission right.
The Bottom Line
Florida Bill 913 has reshaped how condo transactions work in Naples.
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Buyers: Use this extra time to your advantage.
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Sellers: Be prepared for contracts to remain in limbo a little longer.
If you have questions about how this change affects your transaction, contact me directly at 239-293-7401. Let’s talk through how the new law impacts your buying or selling strategy.
