I am currently renting a small 2 bdrm, 2.5 bath, 1 car garage patio villa in Hudson, Florida. My current landlord has disclosed the fact that the home has been deemed a sinkhole, and has a potential buyer willing to keep me as a tenant. There are no apparent imminent concerns with regards to sinkhole damage, and I am willing to continue renting for a fair rental reduction. I was paying $700/month before receiving confirmation of the sinkhole. I contacted the state sinkhole ombudsman who suggested $375/mo or at least $500. I am willing to pay $650. Is this a fair reduction? Are landlords required by state law to disclose the existence of a sinkhole to a tenant just like they are required to disclose to a potential buyer?