Florida's House Bill 1015 aims to enhance transparency in real estate transactions by mandating developers to disclose potential flooding risks to buyers. Introduced on April 17, 2025, the bill defines "flooding" comprehensively, covering conditions caused by tidal waters, rapid runoff, and prolonged standing water from rainfall.

Key provisions of the bill require that any contract for the sale or lease of a unit exceeding five years must include a clear warning about the buyer's right to cancel the agreement within 15 days if they receive insufficient information regarding flooding risks. This move seeks to protect consumers from unforeseen environmental hazards, particularly in a state prone to hurricanes and heavy rainfall.

The bill has sparked notable debates among lawmakers and stakeholders. Proponents argue that it is a necessary step toward safeguarding homebuyers and ensuring they are fully informed about the risks associated with their investments. Critics, however, express concerns about the potential burden on developers and the real estate market, fearing that increased disclosure requirements could deter buyers or complicate transactions.

Economically, the bill could have significant implications for Florida's real estate market, particularly in coastal areas where flooding is a growing concern. Experts suggest that while the bill may initially slow down sales, it could ultimately lead to a more informed and resilient housing market.

As the legislative process unfolds, the future of House Bill 1015 remains uncertain. If passed, it could set a precedent for similar legislation in other states, emphasizing the importance of environmental awareness in real estate transactions. The bill's progress will be closely monitored by both advocates and opponents as it moves through the legislative chambers.