- (1) The form of the final negotiated purchase shall be a written Purchase Agreement that is signed by the Owner(s), 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 259.105, 380.501-.515 FS. History–New 5-27-01, Formerly 9K-8.010.