Rolling Greens Prospectus

What is a prospectus and why is it important?

ProspectusNOTE: To have access to the Rolling Greens Prospectus, scroll to the bottom of this page.

It is important to read and be familiar with your prospectus, regardless of whether you are an owner or a resident. The prospectus is a document that is given to the mobile home owner from the park owner, prior to becoming a resident of the park. It is basically a disclosure document covering issues such as a homeowner’s legal rights, the financial obligations of the homeowner, and a description of the amenities and common areas of the park.

These disclosures are important to both a park owner and a mobile home owner, as it is essentially the contract which will dictate the relationship between the park owner and the mobile home owner.

The Edwards Law Firm in Sarasota, FL has more detailed information, as follows:

The prospectus in a mobile home park is the most significant document that governs the landlord-tenant relationship between the park owner and the mobile home owner. The prospectus or offering circular together with its exhibits is a disclosure document intended to afford protection to homeowners and prospective homeowners in the mobile home park. The purpose of the document is to disclose the representations of the mobile home park owner concerning the operations of the mobile home park.

Pursuant to Chapter 723, the prospectus discloses several terms of a tenant’s occupancy including:

(a) The name and address or location of the mobile home park.

(b) The name and address of the person authorized to receive notices and demands on the park owner’s behalf.

(c) A description of the mobile home park property, including, the number of lots in each section, the approximate size of each lot, the setback requirements, and the minimum separation distance between mobile homes as required by law.

(d) A description of the recreational and other common facilities, if any, that will be used by the mobile home owners, including, but not limited to:

(1) The number of buildings and each room thereof and its intended purposes, location, approximate floor area, and capacity in numbers of people.

(2) Each swimming pool, as to its general location, approximate size and depths, and approximate deck size and capacity and whether heated.

(3) All other facilities and permanent improvements which will serve the mobile home owners.

(4) A general description of the items of personal property available for use by the mobile home owners.

(5) A general description of the days and hours that facilities will be available for use.

(6) A statement as to whether all improvements are complete and, if not, their estimated completion dates.

(e) The arrangements for management of the park and maintenance and operation of the park property and of other property that will serve the mobile home owners and the nature of the services included.

(f) A description of all improvements, whether temporary or permanent, which are required to be installed by the mobile home owner as a condition of his or her occupancy in the park.

(g) The manner in which utility and other services, including, but not limited to, sewage and waste disposal, cable television, water supply, and storm drainage, will be provided, and the person or entity furnishing them. The services and the lot rental amount or user fees charged by the park owner for the services provided by the park owner shall also be disclosed.

(h) An explanation of the manner in which the lot rental amount will be raised, including, disclosure of any factors which may affect the lot rental amount, including, but not limited to:

(1) Water rates.

(2) Sewer rates.

(3) Waste disposal rates.

(4) Maintenance costs, including costs of deferred maintenance.

(5) Management costs.

(6) Property taxes.

(7) Major repairs or improvements.

(8) Any other fees, costs, entrance fees, or charges to which the mobile home owner may be subjected.

(i) Disclosure of the manner in which the pass-through charges will be assessed.

(j) Disclosure of all user fees currently charged for services offered which the homeowner may elect to incur and the manner in which the fees will be increased.

(k) The park rules and regulations and an explanation of the manner in which park rules or regulations will be set, changed, or promulgated.

(l) Copies of the following, to the extent they are applicable, as exhibits:

(1) The ground lease or other underlying leases of the mobile home park or a summary of the contents of the lease or leases when copies of the same have been filed with the division.

(2) A copy of the mobile home park lot layout showing the location of the recreational areas and other common areas.

(3) All covenants and restrictions and zoning which will affect the use of the property and which are not contained in the foregoing.

(4) A copy of the rental agreement or agreements to be offered for rental of mobile home lots.

In a mobile home park containing 26 or more lots, the park owner must file a prospectus with the DBPR. Prior to entering into an enforceable rental agreement for a mobile home lot, the park owner shall furnish a copy of the prospectus or offering circular together with all of the exhibits thereto to each prospective lessee. Delivery shall be made prior to execution of the lot rental agreement or at the time of occupancy, whichever occurs first. Upon delivery of a prospectus to a prospective lessee, the lot rental agreement is voidable by the lessee for a period of 15 days. However, the park owner is not required to furnish a copy of the prospectus or offering circular if the tenancy is a renewal of a tenancy and the mobile home owner has previously received the prospectus or offering circular.

A mobile home park owner who enters into a rental agreement in which a prospectus is not provided shall give written notification to the mobile home owner of the following information prior to occupancy:

(1) The nature and type of zoning under which the mobile home park operates; the name of the zoning authority which has jurisdiction over the land comprising the mobile home park; and a detailed description containing all information available to the mobile home park owner, including the time, manner, and nature, of any definite future plans which he or she has for future changes in the use of the land comprising the mobile home park or a portion thereof.

(2) The name and address of the mobile home park owner or a person authorized to receive notices and demands on his or her behalf.

(3) All fees and charges, assessments, or other financial obligations not included in the rental agreement and a copy of the rules and regulations in effect.

For answers to commonly asked questions, click here.

The Rolling Green Prospectus
A Prospectus is not just a single, static document. It gets changed from time to time. For a park that has been in existence as long as Rolling Greens, this can make it very confusing. To help make it more understandable, Charles Pennington has put together this excellent “Prospectus Guide.” Below the description of each document that collectively make up the Rolling Greens Prospectus, is a link that will take you to that document. Once there, you can read it, print it, or save it electronically.

File Refrence ID Document Date Prospectus Description of file
1 Rolling Greens PR8641 A00011 approved March 16, 2010 P 1 P 2 PA 14 pages of communications concerning rule changes.
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2 Rolling Greens PR8641 A00012 approved March 2, 2010 P 1 P 2 PA 7 pages of communications concerning changes in prospectus.
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3 Rolling Greens PR8641 A00013 approved August 31, 2011 P 2 17 pages of communications concerning rule changes.
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4 Rolling Greens PR8641 Amendment approved February 6, 1987 P 2 Name and address of the person authorized to receive notices and demands on the owner’s behalf.
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5 Rolling Greens PR8641 Amendment approved February 12, 1987 PA Name and address of the person authorized to receive notices and demands on the owner’s behalf.
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6 Rolling Greens PR8641 Amendment approved October 17, 1988 PA Revised first page.
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7 Rolling Greens PR8641 Amendment approved July 19, 1989 P 1 P 2 PA Change park rule # 4 concerning age requirements.
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8 Rolling Greens PR8641 Amendment approved October 3, 1989 P 2 Name and address of the person authorized to receive notices and demands on the owner’s behalf.
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9 Rolling Greens PR8641 Amendment approved January 7, 1991 P 1 P 2 PA Name and address of the person authorized to receive notices and demands on the owner’s behalf.
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10 Rolling Greens PR8641 Amendment approved September 25, 1992 P 2 Revised first page.
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11 Rolling Greens PR8641 Amendment approved March 4, 1993 P 1 PA Add new form of rental agreement, type C.
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12 Rolling Greens PR8641 Amendment approved March 17, 1993 P 1 P 2 PA Name and address of the person authorized to receive notices and demands on the owner’s behalf.
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13 Rolling Greens PR8641 Amendment approved November 27, 1996 P 1 P 2 PA Name and address of the person authorized to receive notices and demands on the owner’s behalf.
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14 Rolling Greens PR8641 Amendment approved April 16, 1997 P 1 P 2 PA Change zip code of park and add new form of rental agreement, Type C to P 2 only.
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15 Rolling Greens PR8641 Amendment approved June 10, 1998 P 1 P 2 PA Name and address of the person authorized to receive notices and demands on the owner’s behalf.
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16 Rolling Greens PR8641 Amendment unapproved April 6, 1989 P 1 P 2 PA Rule Changes.
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17 Rolling Greens PR8641 Prospectus P1 approved March 26, 1986 P 1 115 pages of communications for approval of prospectus.
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18 Rolling Greens PR8641 Prospectus P2 approved January 21, 1987 P 2 30 pages of communications for approval of prospectus.
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19 Rolling Greens PR8641 Prospectus PA approved September 30, 1986 PA 41 pages of communications for approval of prospectus.
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