Florida Statute §163.08 requires that at or before the time a purchaser executes a contract for the sale and purchase of any property for which a non-ad valorem assessment has been levied under this section and has an unpaid balance due, the seller shall give the prospective purchaser a written disclosure statement in the following form, which shall be set forth in the contract or in a separate writing:
QUALIFYING IMPROVEMENTS FOR ENERGY EFFICIENCY, RENEWABLE ENERGY, OR WIND RESISTANCE.—The property being purchased is located within the jurisdiction of a local government that has placed an assessment on the property pursuant to s. 163.08, Florida Statutes. The assessment is for a qualifying improvement to the property relating to energy efficiency, renewable energy, or wind resistance, and is not based on the value of property. You are encouraged to contact the county property appraiser’s office to learn more about this and other assessments that may be provided by law
How can I get a copy of the PACE disclosure form noted above?
The Florida Realtors makes available a form that includes the above disclosure. We will provide you a copy of any Florida Realtors disclosure form for free upon submitting a flat fee MLS listing through our website. You can also review Florida Statute §163.08, which dictates the form to be used, which is what the Florida Realtors disclosure is based upon.
Where can I learn more about PACE loans, disclosure, and the payoff process?
Check out the helpful article here.
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