Florida's House Bill 1015, introduced on April 17, 2025, aims to enhance tenant protections and improve transparency regarding flood risks in residential real estate transactions. The bill addresses critical issues related to flooding, which has become increasingly relevant in the face of climate change and rising sea levels.

One of the key provisions of House Bill 1015 mandates that landlords must refund tenants for any rent or fees paid in advance if a rental agreement is terminated due to flooding that significantly damages the property. Specifically, if the flooding results in damage equal to or exceeding 50% of the property's market value, tenants are entitled to a full refund for the period following the termination of their lease. However, the bill clarifies that tenants remain liable for any unpaid rent or fees incurred before the termination.

Additionally, the bill amends existing statutes to require sellers of residential properties to provide prospective buyers with a flood disclosure statement before executing a sales contract. This disclosure must inform buyers that standard homeowners' insurance does not cover flood damage and encourage them to consider purchasing separate flood insurance.

The introduction of House Bill 1015 has sparked notable discussions among lawmakers and stakeholders. Proponents argue that the bill is a necessary step to protect vulnerable tenants and ensure that buyers are fully informed about potential flood risks. Critics, however, express concerns about the financial implications for landlords and the potential for increased rental costs as property owners may seek to offset the risks associated with flooding.

The economic implications of this bill could be significant, particularly in Florida's real estate market, where flooding is a persistent concern. By enhancing transparency and tenant protections, the bill may lead to more informed purchasing decisions and potentially stabilize the rental market in flood-prone areas.

As House Bill 1015 moves through the legislative process, its outcomes could reshape the landscape of rental agreements and property sales in Florida, providing greater security for tenants and clarity for homebuyers. The bill's progress will be closely monitored as stakeholders assess its potential impact on housing stability and flood risk management in the state.