Florida Condominium Purchase Agreement

State:
Multi-State
Control #:
US-00455
Format:
Word; 
Rich Text
Instant download

Description

Seller agrees to sell and the buyer agrees to buy a condominium unit under the terms and conditions of the contract. Other provisions of the agreement include: closing costs, deposits, insurance and proration.
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FAQ

Florida Realtors has three residential contracts. Two are Florida Realtors/Florida Bar contracts(FR/Bar), the standard Residential Contract for Sale and Purchase and the AS IS version, and one is the Florida Realtors Contract for Residential Sale and Purchase (CRSP).

However, in Florida, a purchaser cannot back out of a deal after signing unless there are clauses stating otherwise. In Florida, a purchaser can back out of a deal only if the contract has a provision that allows a purchaser to do so.

The 3-day contract law Florida follows allows for 72 hours to cancel a contract under most circumstances. There are certain exceptions to this rule such as the sale of a vehicle. The sale of goods and services is the most common type of contract to allow for a cooling-off period.

Condominium documentsdeclaration of condominium.articles of incorporation, bylaws and rules.a copy of the most recent year-end financial information.frequently asked questions and answers document.More items...?

Exclusive Buyer Brokerage Agreement transaction agency (EBBA-6tb) This form may be used when a broker wishes to act as a buyer's agent and be paid commission by the buyer. It establishes an exclusive, transaction agency representation with a buyer and provides for a retainer fee.

Forms Needed to Sell Your Florida HomeFlorida Property disclosure form.Florida Purchasers access to premises agreement.Florida Real Estate Sales contract.Florida Sales contract contingency clauses.Florida Pre- and post-occupancy agreements.Florida Lead-based paint disclosure pamphlet.

Under Florida law (contract and case law), a buyer and/or seller is able, under certain circumstances, to terminate a residential real estate contract and walk away from the deal without penalty. One way a buyer can get out of a deal is by seeking rescission.

Prepare these documents after the sale.Letter of Intent from the buyer. This should include price, payment schedule, earnest money, and other terms and conditions.Contract to Sell.Deed of Absolute Sale.Endorsement Letter.Certificate Authorizing Registration.

In the State of Florida, it is not mandatory for the buyer or the seller to hire a real estate attorney for the closing of the sale of residential real property. Many operations are conducted through negotiations between the parties; real estate agents, and the involvement of a title company.

Seller must provide Public Offering Statement that includes: Condominium Declaration. Articles of Incorporation (or other document that creates the association).

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Florida Condominium Purchase Agreement