F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HBCS/HB 665 2021 A bill to be entitled An act relating to homeowners' associations rental agreements;

hb0665-00hb0665-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HBCS/HB 665 2021 document or amendment.

For purposes of this paragraph, a change of ownership does not occur when a parcel owner conveys the parcel to an affiliated entityentity, or when beneficial ownership of the parcel does not change.change, or when an heir becomes the parcel owner.

For a conveyance to be recognized as one made to an affiliated entity, the entity must furnish to the association a document certifying that this paragraphsubparagraph applies and provide any organizational documents for the parcel owner and the affiliated entity which support the representations in the certificate, as requested by the association.

5.Page 2 of 3 CODING:

For purposes of this paragraph, a change of ownership Page 2 of 3 CODING:

hb0665-00hb0665-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HBCS/HB 665 2021 does5. occur when, with respect to a parcel owner that is a business entity, each person that owned an interest in the entity at the time of the enactment of the amendment or rule conveys its interest in the business entity to an unaffiliated party.

For purposes of this paragraph, a change of ownership does occur when, with respect to a parcel owner that is a business entity, every person that owned an interest in the real property at the time of the enactment of the amendment or rule conveys their interest in the real property to an unaffiliated entity.

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