Sales or reservation deposits prior to closing
- Statute:
- Florida §719.202 · Chapter 719 (Cooperative Act)
- Topic:
- Records & Disclosure · Deposits
- Applies to:
- Coop associations
Sets escrow rules for sales or reservation deposits.
📄 Read the official text at flsenate.gov →
How SoShiny helps with Sales or reservation deposits prior to closing
SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox.
See the feature → Start freeFrequently asked
- What does Florida §719.202 require?
- Sets escrow rules for sales or reservation deposits.
- Who does Florida §719.202 apply to?
- Florida §719.202 applies to Coop associations in Florida.
- What happens if our co-op doesn't comply with §719.202?
- Non-compliance with Florida Chapter 719 can result in disputes filed with the Florida Department of Business and Professional Regulation (DBPR), Division of Florida Condominiums, Timeshares, and Mobile Homes — and may expose individual board members to personal liability in some circumstances. SoShiny's audit trail and documented workflows are designed to demonstrate compliance.
- Where can I read the official text of Florida §719.202?
- The official text is published by the Florida Legislature at flsenate.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Sales or reservation deposits prior to closing?
- SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox. Learn more →
Not legal advice. This page is a plain-English summary of Florida §719.202 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Florida-licensed attorney. For the official statutory text, see the link above.
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