How many days do you have to cancel a condo contract in Florida?

Resale condos: the 7-day review period

Under section 718.503(2) of the 2026 Florida Statutes, a buyer of a resale (nondeveloper) condominium unit is entitled, at the seller's expense, to current copies of the declaration, articles of incorporation, bylaws and rules, the annual financial statement and annual budget, and the Frequently Asked Questions and Answers document. Where applicable, the buyer also gets the milestone inspection summary, the most recent structural integrity reserve study (or a statement that none exists) and the report of any turnover inspection performed on or after July 1, 2023, plus a DBPR governance form.

The contract must contain one of two clauses. Either the buyer acknowledges receiving the documents more than 7 days (excluding Saturdays, Sundays and legal holidays) before signing, or the contract is voidable by written notice within 7 such days after the buyer signs and receives the documents. A buyer who asks in writing may extend closing by up to 7 such days after receiving them. A waiver of these rights has no effect, and a contract that doesn't conform is voidable by the buyer before closing.[1]

Milestone inspection and SIRS disclosures

For contracts entered into after December 31, 2024, the contract must say in conspicuous type whether the association is required to have a milestone inspection or structural integrity reserve study (SIRS) and whether it has completed it. When those reports exist, the buyer has a 7-day right (excluding weekends and legal holidays) to cancel after signing and receiving the milestone inspection summary, the turnover inspection report and the most recent SIRS, as applicable.[1]

New construction: the 15-day developer rule

When you buy from a developer, the contract must state that it is voidable by written notice within 15 days after the buyer signs it and receives all the items the developer must deliver, and also within 15 days after receiving any amendment that materially changes the offering in a way that is adverse to the buyer. The buyer may extend closing for up to 15 days after receiving all required items.

Until the developer delivers the required documents, the buyer may void the contract and get the deposit back with interest. The developer may not close within 15 days after the contract is signed and the documents are delivered unless the buyer is told about the period and signs a separate agreement to close earlier.[1]

How to use the right correctly

This is general information, not legal advice; ask a Florida real-estate attorney about deposits, deadlines and the wording of your specific contract.

• Cancel in writing and keep proof of delivery; in both resale and developer sales, the right to void ends at closing.
• Saturdays, Sundays and legal holidays don't count toward the 7-day resale period.
• Track the date you actually received each document, because the clock runs from receipt.
• Homes in a mandatory homeowners' association follow a different rule: a 3-day cancellation right tied to the HOA disclosure summary under section 720.401.[1][2]