information regarding flood risks to potential buyers.

On April 17, 2025, the Florida State Legislature introduced House Bill 1015, a significant piece of legislation aimed at enhancing transparency in residential real estate transactions concerning flood risks. This bill mandates that landlords provide prospective tenants with detailed information about potential flooding issues before executing rental agreements. It also revises existing disclosure requirements for property sales, ensuring that buyers are informed about flood risks associated with residential properties.

The primary provisions of House Bill 1015 include a clear definition of "flooding" and the stipulation that landlords must disclose any relevant flood information truthfully. If a landlord fails to do so and a tenant experiences "substantial loss or damage," the tenant has the right to terminate the rental agreement with written notice and receive a full refund for any prepaid rent beyond the termination date. The bill also clarifies that tenants remain liable for any amounts owed prior to termination.

This legislation arises from growing concerns about climate change and its impact on Florida's coastal and low-lying areas, where flooding has become an increasingly pressing issue. Proponents argue that the bill will empower tenants and buyers by providing them with essential information that could affect their living conditions and financial investments.

However, the bill has sparked debates among stakeholders. Critics, including some landlord associations, express concerns that the stringent disclosure requirements may deter property owners from renting or selling in flood-prone areas, potentially exacerbating housing shortages. Additionally, there are worries about the burden of compliance on landlords, particularly smaller property owners who may lack the resources to navigate the new requirements.

Economically, the implications of House Bill 1015 could be significant. By increasing transparency, the bill may lead to more informed decisions by tenants and buyers, potentially stabilizing property values in flood-prone areas. Conversely, if property owners withdraw from the market due to increased liability, it could lead to a decrease in available rental units, further straining Florida's housing market.

As the bill progresses through the legislative process, its future remains uncertain. Lawmakers will need to balance the need for consumer protection with the concerns of property owners. The outcome of House Bill 1015 could set a precedent for how flood risks are managed in real estate transactions across the state, reflecting broader societal shifts towards accountability and environmental awareness in housing policies.