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1999 Florida Statutes
SECTION 19
Provisions requiring purchase or lease of timeshare property by owners' association or unit owners; validity.
Provisions requiring purchase or lease of timeshare property by owners' association or unit owners; validity.
721.19 Provisions requiring purchase or lease of timeshare property by owners' association or unit owners; validity.--In any timeshare plan in which timeshare estates are sold, no grant or reservation made by a declaration, lease, or other document, nor any contract made by the developer, managing entity, or owners' association, which requires the owners' association or unit owners to purchase or lease any portion of the timeshare property shall be valid unless approved by a majority of the purchasers other than the developer, after more than 50 percent of the timeshare periods have been sold.
History.--s. 13, ch. 83-264.