New 2025 Condo Rider: You Now Have 7 Days (Not 3) to Cancel
Buyers in Florida now have seven business days to cancel a condominium purchase after signing and receiving the required documents. This expansion from the previous three-day window reflects Florida’s response to condominium safety concerns and enhanced disclosure requirements.
The seven-day period applies to resale contracts entered into on or after July 1, 2025.
Many buyers sign contracts without realizing when their cancellation clock actually starts. The trigger depends on both contract execution and document delivery. This distinction matters because missing or late disclosures may affect when the rescission window begins under the revised CR-7 Rev condo rider.
Key Takeaways for the Florida Condo Rider Rescission Period
- The rescission period expanded from three to seven business days under the revised CR-7 condo rider for resale contracts entered into on or after July 1, 2025.
- The seven-day window starts after the buyer signs and receives the required resale disclosure documents, including the condo documents and the FAQ document if requested in writing. If applicable, the disclosure package also includes the milestone inspection summary and the most recent SIRS (or a statement that it has not been completed).
- If a seller fails to deliver required disclosures at or before contract signing, the buyer’s rescission rights may remain open until proper delivery occurs and the seven-day period runs.
How the CR-7 Rev Condo Rider Changed Rescission Rights
Florida’s condominium purchase contracts include a standardized rider that addresses buyer cancellation rights. The CR-7 Rev condo rider reflects updates that took effect in 2025. These changes directly affect how much time buyers have to walk away from a resale purchase.
The Shift From Three Days to Seven Business Days
Previously, Florida condominium buyers had three days (excluding Saturdays, Sundays, and legal holidays) to cancel after signing and receiving association documents. The revised rider extends this to seven business days. This provides meaningful additional review time for buyers facing complex disclosure packages.
This expansion acknowledges the complexity of modern condominium disclosures. Buyers now receive documentation about structural assessments, reserve funding, and building conditions. Seven business days allows more opportunity to consult with professionals before committing.
Why Florida Expanded the Condo Cancellation Window
Recent condominium legislation in Florida emphasized transparency about building safety. Following structural concerns at aging condominiums statewide, lawmakers required more detailed inspections and reserve studies. The extended rescission period gives buyers time to digest these critical documents.
The Florida Condominium Act under Chapter 718 outlines disclosure requirements for condominium sales. The expanded rescission period aligns with these enhanced disclosure mandates. Buyers receive more information and more time to act on it.
Documents That Trigger Your Seven-Day Rescission Period
The cancellation clock starts when the buyer signs and receives the required disclosure documents. Partial delivery may delay the start of the countdown. Buyers who receive incomplete disclosures may retain rescission rights until the complete set arrives.
Milestone Inspection Summary
Florida law now requires condominium associations to complete milestone structural inspections for buildings that meet certain age and proximity thresholds. The milestone inspection requirements under Section 553.899 apply to buildings three stories or higher that reach 30 years of age, or 25 years if they are located within three miles of the coastline.
The seller must provide the inspector-prepared summary of the milestone inspection report if a milestone inspection is required and has been completed. If no inspection was required or completed, this document may not apply.
Buyers who expected a summary but did not receive one may want to confirm whether the building met inspection thresholds.
Structural Integrity Reserve Study (SIRS)
The SIRS examines major structural components and calculates reserve funding needs. This study helps buyers understand whether the association has adequate funds for future repairs. A missing or outdated SIRS may leave buyers unaware of potential special assessments.
The statutory resale disclosure list under Section 718.503(2)(a) specifies which documents sellers must provide. The following items comprise the required resale disclosure package:
- Declaration of condominium and all recorded amendments
- Articles of incorporation of the association
- Bylaws and current rules of the association
- Annual financial statement and annual budget
- FAQ document (if requested in writing per the contract clause)
- Milestone inspection summary (if applicable)
- Most recent SIRS or a statement that it has not been completed
- Turnover inspection report (if applicable under the statute)
Incomplete delivery of these materials may affect when the seven-day rescission period begins.
When the Rescission Clock Actually Starts
Timing confusion causes many buyers to miss their cancellation window or assume they lost rights they actually still have. The CR-7 Rev condo rider specifies that the seven business days begin upon signing and receiving documents, not upon signing alone.
Contract Signing Versus Document Delivery
A buyer may sign a purchase contract on Monday but not receive association documents until the following week. In this scenario, the seven-day countdown begins when the documents arrive, not when the contract was signed. This distinction protects buyers from pressure tactics that rush signatures before disclosures arrive.
Sellers sometimes provide documents in batches. The seven-day period generally begins when the buyer has signed and received the required documents. If a required item arrives later, the start date may depend on when the buyer actually received the complete required set.
What Happens With Late or Missing Disclosures
Contracts signed without proper document delivery may remain subject to rescission rights until disclosures arrive. The buyer’s ability to cancel may persist until the seller provides complete disclosures and the seven-day period expires. Once all required documents arrive, the seven-business-day countdown begins from that point.
Buyers who suspect they received incomplete disclosures face important questions:
- Did the association have a milestone inspection summary available at the time of contract signing?
- Was the SIRS current, or did the seller provide a statement that it had not been completed?
- Did any documents arrive after the contract execution date?
- Were all amendments to the declaration included in the disclosure package?
Answers to these questions may determine when the rescission period actually started.
How to Exercise Your Condo Contract Cancellation Rights
Buyers who decide to rescind must act within the seven-business-day window. The process requires written notice delivered to the appropriate party. Verbal cancellations typically do not satisfy legal requirements.
Proper Notice Requirements
Written rescission notices must clearly state the buyer’s intent to cancel. The notice generally goes to the seller or the seller’s designated agent. Keeping proof of delivery, such as certified mail receipts or email confirmations, protects the buyer if disputes arise later.
Acting promptly matters even within the seven-day window. Document delivery dates sometimes become contested. Having clear records of when notices were sent and received strengthens a buyer’s position.
Refund of Deposits After Rescission
Buyers who properly rescind typically receive their deposits back. The timeframe for refunds depends on escrow arrangements and contract terms. Disputes about whether rescission was timely may delay the return of funds.
FAQ for Condo Buyer Rescission Rights in Florida
Your Window May Still Be Open
Many condominium buyers in Plantation, Florida, and throughout Broward County signed contracts before fully understanding these updated rules. If documents arrived late, arrived incomplete, or never arrived at all, rescission rights may still exist depending on when complete delivery occurred.
Attorney Carlos M. Amor brings more than fifteen years of real estate law experience to document reviews for condominium buyers. The Law Office of Carlos M. Amor, P.A. offers free consultations by phone, video meeting, or in person. Contact the office to discuss your situation and determine whether your cancellation window remains available.
