The Law Of Condo Contract Cancellation In Florida
Florida real estate market watchers and condo lawyers have their eyes on a case which is currently on appeal in the Fourth District Court of Appeal in West Palm Beach. The court is expected to clarify the meaning of “material and adverse impact” with respect to whether unforeseen rising insurance and utilities expenses are sufficient for a purchaser to cancel a condo contract, even if the record shows that the buyers could handle paying the increased costs.
