The Battle For "Material And Adverse" - A Tale of Two Florida Courts, And Two Florida Condos
One of the more contentious issues arising under Florida condo law of late is what constitutes a material and adverse change to a condominium purchase agreement sufficient for the buyer to rescind the contract and recover his or her deposit money. Here, in an effort to get a clearer sense of how the law may evolve in the coming months and years — which, of course, is of deep interest to many people who may be wondering whether they have a basis to seek cancellation of their condo purchase agreements — I take a deeper look at two current and key cases on the issue which are now working their way through the Florida appellate system.
