Legal Question in Real Estate Law in Florida

Re: Home Pre Construction Contract

You would need to consider availability of materials (and if your contract is specific enough then at what price they have to be at), the general construction industry in your area and the affected part of the state, and other relevant factors that could be considered when making a fair determination. If the contractor is not trying to get our of the contract, then they should definitely have started work by now and probably a while back.

Re: Home Pre Construction Contract

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There is no clear answer to your question and is shaping up to be one of the hotly contested issues in many counties in Florida as developers start to get challanged by Buyers who do not want to close and will look for reasons to have a contract voided. In recent years, this was never a major issue as most Buyers cheerfully signed Addendums extending the Contract as properties were worth far more than the original Contract price and thus they wanted to close no matter how long of a delay there was in construction.

Scott R. Jay, Esq.

Re: Home Pre Construction Contract

The issue would be what is the "delay period". Without more facts no one can say.