ADD TO PAGE 4 after "c.  Sales Contracts" "Sub-part v." "Interstate Land Sales Act".

     c.     Sales Contracts.  Sales are not required for formation of a homeowners' association. 

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            vi.  Claims.
                  (1)  There are no statutory warranties from the developer to the parcel owner.
                         Compare §718.203 with Chapter 720, Fla. Stat.

                  (2)   Common law duties generally can be limited by contract. Mercedes Homes, Inc.
                         v. Colon, 966 So. 2d 10 (Fla. 5th DCA, Aug. 10, 2007). (Sole remedy for
                         construction claims is through a contractual third party warranty limited to
                         property damage arbitration issues.)

                 (3)   Covenants not to sue may not be contrary to public policy. Windstar Club, Inc. v.
                        WS Realty, Inc, 886 So 2d 986 (Fla. 2nd DCA, 2004). (Developer agreement 
                         cannot bar claims for fraudulent misrepresentation.)

            vii.   Resales.  Developer may retain a reversionary interest.  Sandpiper Dev. and Constr., 
                   Inc. v. Rosemary Beach Land Co., 907 So.2d 684 (Fla. 1st DCA, 2005).  (Right to
                   repurchase parcel if home not completed within six years of closing.)

           vii.   Disclosures. Statutory duty from developer to parcel owner. §720.401.
                  (1) Restrictive Covenants.               
                  (2) Developer Amendment Rights.
                  (3) Assessments: Fees & Potential Special.
                  (4) Lien and Foreclosure Risk.
                  (5) Enforcement Provisions?  Cancellation?  Contract for sale is voidable for three days
                       after delivery.
                       (I)   Notice is to Seller, Seller's Agent or Representative.
                       (II)  Right to Cancel Not Waivable.
                       (III) Right Terminates at Closing.