The ever-evolving landscape of Florida’s real estate market is marked by both significant growth and heightened vigilance against potential financial irregularities. Amidst this dynamic environment, the recent expansion of Geographic Targeting Orders (GTOs) has garnered attention, particularly for practitioners such as myself, whose practice primarily focuses on Sarasota and Manatee Counties. What is a GTO?Continue reading “Little GTO, Big Compliance: The Recent Expansion of Geographic Targeting Orders in Florida Real Estate Transactions”
Tag Archives: contracts
The Force Is Strong With This One: Force Majeure Clauses in FAR/BAR Real Estate Contracts
What is a Force Majeure Clause? A force majeure (pronounced “forss ma-zhoor”) clause is a provision in a contract that allows one or both parties to excuse (or sometimes delay) their performance obligations if circumstances beyond their control arise. These circumstances are typically called “force majeure events.” Force majeure clauses are common in all typesContinue reading “The Force Is Strong With This One: Force Majeure Clauses in FAR/BAR Real Estate Contracts”
What is an Estoppel Certificate?
An estoppel certificate is a document that provides statutorily-mandated information about a property owner’s account with their homeowners association (HOA). Estoppel certificates are governed by Florida Statutes Section 720.30851. One definition of the word “estoppel” means to preclude a person from asserting something contrary to what is implied by a previous action or statement ofContinue reading “What is an Estoppel Certificate?”
FAR/BAR Residential Contract and FAR/BAR “As Is” Residential Contract Revised as of July 1, 2023
The Florida Realtors / Florida Bar (“FARBAR”) Residential Contract for Sale and Purchase and the “AS IS” Residential Contract for Sale and Purchase have been updated as of July 1, 2023. The new revised versions are identifiable by “6x” and “Rev. 7/23” notations towards the lower left-hand corner of each contract. The changes to bothContinue reading “FAR/BAR Residential Contract and FAR/BAR “As Is” Residential Contract Revised as of July 1, 2023″
AS-IS? As if. Florida Residential Real Estate Seller’s Property Disclosure.
On this Throwback Thursday we will look at an oldie-but-goodie opinion issued by the Florida Supreme Court. Specifically, we will look at the landmark case of Johnson v. Davis, 480 So. 2d 625 (Fla. 1986), a case which forever changed the expectations and duties placed upon sellers of residential property in Florida. Most of youContinue reading “AS-IS? As if. Florida Residential Real Estate Seller’s Property Disclosure.”
FAR/BAR Residential Contract and FAR/BAR “As Is” Residential Contract Revised as of June 14, 2019
The Florida Realtors / Florida Bar (“FARBAR”) Residential Contract for Sale and Purchase (5x), and the “AS IS” Residential Contract for Sale and Purchase have been updated as of June 14, 2019. The new revised versions are identifiable by “5x” and “6/19” notations, which can be found in the lower left-hand corner of each contract.Continue reading “FAR/BAR Residential Contract and FAR/BAR “As Is” Residential Contract Revised as of June 14, 2019″