- (1) The form of the final negotiated purchase shall be a written purchase agreement that is signed by the owner, the recipient and the Trust.
- (2) The Trust or recipient may prepare and use any form of purchase agreement approved by the Trust as meeting the intent of all applicable laws and this rule chapter.
- (3) The Trust shall develop a model standard purchase agreement that may be used by the party conducting the negotiations.
- (4) The party responsible for negotiations shall obtain all disclosures of beneficial interest required in Section 286.23, F.S., before entering into a purchase agreement.
Rulemaking Authority 380.507(11) FS. Law Implemented 259.101, 375.045, 380.501-.515 FS. History–New 7-7-94, Formerly 9K-6.011.