According to F.S. 720, when must sellers provide buyers with the HOA disclosure summary?

Sellers must provide buyers with the HOA disclosure summary before the execution of a contract to ensure that potential buyers are fully informed about any homeowners' association (HOA) rules, fees, and regulations that may affect their decision to purchase the property. This provision is crucial as it allows buyers to evaluate the implications of HOA membership, including any financial obligations or restrictions on property use before they legally commit to the purchase. By delivering this disclosure upfront, sellers promote transparency and help buyers make informed choices, thereby reducing the risk of disputes arising from misunderstandings about the HOA's role and requirements. This requirement reflects a consumer protection effort in real estate transactions.