# Fla. Stat. § 718.506: 718.506 Publication of false and misleading information

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.506

## Section

- **Citation:** Fla. Stat. § 718.506
- **Heading:** 718.506 Publication of false and misleading information
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XL / Chapter 718 / Part V / Section 718.506

## Text

(1) Any person who, in reasonable reliance upon any material statement or information that is false or misleading and published by or under authority from the developer in advertising and promotional materials, including, but not limited to, a prospectus, the items required as exhibits to a prospectus, brochures, and newspaper advertising, pays anything of value toward the purchase of a condominium parcel located in this state shall have a cause of action to rescind the contract or collect damages from the developer for his or her loss prior to the closing of the transaction. After the closing of the transaction, the purchaser shall have a cause of action against the developer for damages under this section from the time of closing until 1 year after the date upon which the last of the events described in paragraphs (a) through (d) shall occur: (a) The closing of the transaction; (b) The first issuance by the applicable governmental authority of a certificate of occupancy or other evidence of sufficient completion of construction of the building containing the unit to allow lawful occupancy of the unit. In counties or municipalities in which certificates of occupancy or other evidences of completion sufficient to allow lawful occupancy are not customarily issued, for the purpose of this section, evidence of lawful occupancy shall be deemed to be given or issued upon the date that such lawful occupancy of the unit may first be allowed under prevailing applicable laws, ordinances, or statutes; (c) The completion by the developer of the common elements and such recreational facilities, whether or not the same are common elements, which the developer is obligated to complete or provide under the terms of the written contract or written agreement for purchase or lease of the unit; or (d) In the event there shall not be a written contract or agreement for sale or lease of the unit, then the completion by the developer of the common elements and such recreational facilities, whether or not the same are common elements, which the developer would be obligated to complete under any rule of law applicable to the developer’s obligation. Under no circumstances shall a cause of action created or recognized under this section survive for a period of more than 5 years after the closing of the transaction.

(2) In any action for relief under this section or under s. 718.503, the prevailing party shall be entitled to recover reasonable attorney’s fees.

History: s. 1, ch. 76-222; s. 872, ch. 97-102.

## Nearby sections

- [Fla. Stat. § 718.501 718.501 Authority, responsibility, and duties of Division of Florida Condominiums, Timeshares, and Mobile Homes.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.501.md)
- [Fla. Stat. § 718.502 718.502 Filing prior to sale or lease.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.502.md)
- [Fla. Stat. § 718.503 718.503 Developer disclosure prior to sale; nondeveloper unit owner disclosure prior to sale; voidability.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.503.md)
- [Fla. Stat. § 718.504 718.504 Prospectus or offering circular.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.504.md)
- [Fla. Stat. § 718.505 718.505 Good faith effort to comply.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.505.md)
- [Fla. Stat. § 718.506 718.506 Publication of false and misleading information.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.506.md)
- [Fla. Stat. § 718.507 718.507 Zoning and building laws, ordinances, and regulations.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.507.md)
- [Fla. Stat. § 718.508 718.508 Regulation by Division of Hotels and Restaurants.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.508.md)
- [Fla. Stat. § 718.509 718.509 Division of Florida Condominiums, Timeshares, and Mobile Homes Trust Fund.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.509.md)
- [Fla. Stat. § 718.5011 718.5011 Ombudsman; appointment; administration.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.5011.md)
- [Fla. Stat. § 718.5012 718.5012 Ombudsman; powers and duties.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.5012.md)
- [Fla. Stat. § 718.5014 718.5014 Ombudsman location.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.5014.md)
- [Fla. Stat. § 718.50152 718.50152 Offices.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.50152.md)
- [Fla. Stat. § 718.50153 718.50153 Payment of per diem, mileage, and other expenses to division employees.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.50153.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXL_C718_PV_S718.506. Check the current official text before relying on it. Not legal advice.