Florida Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause

State:
Multi-State
Control #:
US-00120
Format:
Word; 
Rich Text
Instant download

Description

This form is a contract for a lease and a manadatory purchase of real estate. Seller demises and leases to purchaser and purchaser takes and rents from seller certain real property described in the form. Purchaser agrees not to use or permit the use of the property for an illegal purpose. An auction, fire or going out of business or bankruptcy sale, may not be conducted in the property without prior written consent of the seller.

The Florida Contract for the Lease and Mandatory Purchase of Real Estate is a legal agreement that outlines the terms and conditions related to the lease and subsequent purchase of real estate properties in the state of Florida. The contract includes a specific performance clause, which is an important provision used to enforce the agreement and ensure that both parties fulfill their obligations as agreed upon. The specific performance clause in the contract allows for legal action to be taken by either party if the other party fails to perform its obligations as stated in the agreement. This clause is often included to provide an additional layer of protection and assurance for the party seeking performance. It ensures that, in the event of a breach of the contract or failure to comply with its terms, the non-defaulting party has the right to seek a court order requiring the defaulting party to perform their obligations as specified in the contract. There are various types of Florida Contracts for the Lease and Mandatory Purchase of Real Estate, each of which may include different specific performance clauses depending on the specific terms and conditions negotiated between the parties. Some common types of these contracts include: 1. Residential Lease and Mandatory Purchase Contract: This type of contract is used when a property is leased to a tenant with an option for the tenant to purchase the property at a later date. The specific performance clause in this contract allows either party to seek legal action if the other party fails to comply with the lease or purchase terms. 2. Commercial Lease and Mandatory Purchase Contract: This type of contract is similar to the residential lease contract but is tailored for commercial properties. It may include specific performance clauses related to rent payments, maintenance and repairs, and other provisions specific to commercial properties. 3. Land Lease and Mandatory Purchase Contract: This contract is used when leasing land, such as for agricultural or development purposes, with an option to purchase the land in the future. The specific performance clause in this contract may address issues related to land use, payment of lease fees, and the purchase price of the land. It is important to note that the specific performance clause is just one aspect of the overall contract and may vary depending on the specific details and negotiations between the parties involved. It is advisable for individuals entering into such contracts to seek legal advice to ensure that the specific performance clause adequately protects their interests and rights.

Free preview
  • Preview Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause
  • Preview Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause
  • Preview Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause
  • Preview Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause
  • Preview Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause
  • Preview Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause
  • Preview Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause
  • Preview Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause
  • Preview Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause

Related forms

form-preview
Virginia Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

Virginia Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

View this form
form-preview
Washington Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

Washington Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

View this form
form-preview
West Virginia Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

West Virginia Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

View this form
form-preview
Wisconsin Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

Wisconsin Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

View this form
form-preview
Wyoming Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

Wyoming Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

View this form
form-preview
Guam Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

Guam Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

View this form
form-preview
Puerto Rico Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

Puerto Rico Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

View this form
form-preview
Virgin Islands Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

Virgin Islands Notice of Claim of Adverse Interest by Possessor of Real Property Who is Claiming through Other Adverse Predecessors - Squatters Rights

View this form
form-preview
Alabama Notice by Landowner to Prevent Acquisition of Title by Adverse Possession - Squatters Rights

Alabama Notice by Landowner to Prevent Acquisition of Title by Adverse Possession - Squatters Rights

View this form
form-preview
Alaska Notice by Landowner to Prevent Acquisition of Title by Adverse Possession - Squatters Rights

Alaska Notice by Landowner to Prevent Acquisition of Title by Adverse Possession - Squatters Rights

View this form

How to fill out Florida Contract For The Lease And Mandatory Purchase Of Real Estate - Specific Performance Clause?

If you need to finish, download, or print authorized document templates, utilize US Legal Forms, the leading selection of legal forms available on the web.

Take advantage of the site’s user-friendly and convenient search to acquire the documents you require.

Different templates for business and personal needs are organized by categories and states, or keywords.

Step 4. Once you have found the form you need, select the Buy now option. Choose the pricing plan you prefer and enter your information to register for an account.

Step 5. Complete the transaction. You can use your Visa or MasterCard or PayPal account to process the payment.

  1. Use US Legal Forms to obtain the Florida Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause with just a few clicks.
  2. If you are already a US Legal Forms user, Log In to your account and click the Download option to retrieve the Florida Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause.
  3. You can also access forms you previously downloaded via the My documents section of your account.
  4. If you are using US Legal Forms for the first time, follow the instructions below.
  5. Step 1. Ensure you have selected the form for your correct area/state.
  6. Step 2. Use the Preview option to review the form's content. Don't forget to check the description.
  7. Step 3. If you are not satisfied with the document, use the Search field at the top of the screen to find other variations of the legal document template.

Form popularity

FAQ

In summary, specific performance is an equitable remedy that is available when a party to a sales contract for real property is harmed by the other party's nonperformance.

In summary, specific performance is an equitable remedy that is available when a party to a sales contract for real property is harmed by the other party's nonperformance.

Requirements for Specific Performance: Courts will enforce specific performance only if the underlying contract was fair and equitable. It is up to the plaintiff to demonstrate that the contract was an appropriate one, legal, with each party receiving fair consideration for performance.

Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of the contract.

A contractual remedy in which the court orders a party to actually perform its promise as closely as possible, because monetary damages are somehow inadequate to fix the harm.

However, Florida law does allow a seller of real estate to file a lawsuit against a buyer, who refuses to close, seeking specific performance.

Specific Performance: Overview When a contract is for the sale of a unique property, for instance, mere money damages may not remedy the purchaser's situation. Example: Rina offers to buy Beth's house and Beth accepts, but later decides to keep the property. Real estate is considered to be unique.

Specific performance is an order of the court requiring a party to a contract to perform their obligations under the contract. Before the court makes an order for specific performance, a party must establish that there is a binding contract on foot and that the other party has breached.

A contractual remedy in which the court orders a party to actually perform its promise as closely as possible, because monetary damages are somehow inadequate to fix the harm.

Interesting Questions

More info

Example: Rina offers to buy Beth's house and Beth accepts, but later decides to keep the property. Real estate is considered to be unique. Since ... Specific performance typically arises in a real estate transaction.a contract to purchase real property can be specifically enforced.Overview1. Financing Terms2. Seller Assist3. Who Pays Specific Closin...1 of 4When you make a purchase offer on a home, make sure you fully understand all of the conditions specified in your contract. Some important contingency clauses ...Continue on investopedia.com »2 of 4Most people are simply not financially secure enough to make an all-cash offer on a home?and chances are, you are one of them. That means you will have to take out a mortgage. But before you draw up yContinue on investopedia.com »3 of 4If you want the seller to pay for part or all of your closing costs, you must ask for it in your offer. Closing costs are typically expenses above the property price that both buyers and sellers pay tContinue on investopedia.com »4 of 4The agreement should specify whether the buyer or seller pays for each of the common fees associated with the home purchase, such as escrow fees, title search fees, title insurance, notary fees, recorContinue on investopedia.com » When you make a purchase offer on a home, make sure you fully understand all of the conditions specified in your contract. Some important contingency clauses ... A default under a contract for the sale and purchase of real estate in Floridaorder specific performance in the event the buyer fails or refuses to ... A default under a contract for the sale and purchase of real estate in Floridaorder specific performance in the event the buyer fails or refuses to ... It cannot do both. Although there is a prevailing party attorney's fees provision in the sales contract, a seller will be required to outlay the ... By H. Cole Marshall A buyer and seller of real estate will often include a liquidated damages provision in the purchase and sale agreement as a means for ... Florida Real Estate While most contracts include escape clauses, those loopholes are generally built in ? Purchase agreement addendums, or ?amendments,? are ... "The buyer under a real estate installment contract is the owner for realfor specific performance or an action to recover the unpaid purchase price. (b) The Property is located in County, Florida.PURCHASER shall not be obligated to complete the purchase of the Property described herein or to.10 pages (b) The Property is located in County, Florida.PURCHASER shall not be obligated to complete the purchase of the Property described herein or to.

Trusted and secure by over 3 million people of the world’s leading companies

Florida Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause