This form is a Contract for the sale of real estate for use in Florida. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
St. Petersburg Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
Florida
City:
St. Petersburg
Control #:
FL-00472
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Florida Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
Illegality: If either the subject matter or consideration of a contract is illegal, the contract is void as a matter of public policy. For example, a contract for the sale of illegal drugs is a void contract.
Contracts may become invalid under the following circumstances: If the contract is against public policy. If the contract is illegal. If the offer/acceptance/consideration calls for action that violates the law ? such as gambling, robbery, etc.
Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.
There are essentially four types of real estate contracts: purchase agreement contracts, contracts for deed, lease agreements, and power of attorney contracts. They each have different uses and stipulations.
Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
While Florida law requires no particular form of contract for a real estate transaction, the FR/BAR Contract forms are the most utilized and well-recognized residential contract forms in Florida.
On the basis of validity or enforceability, we have five different types of contracts as given below. Valid Contracts.Void Contract Or Agreement.Voidable Contract.Illegal Contract.Unenforceable Contracts.
A Florida Real Estate Contract must be in writing and contain the following, in order to be legally binding; The parties to the contract - Buyers and Sellers identification. Identification of the Real Property by means of a legal description and street address.