Legal Question in Real Estate Law in Florida
Preconstruction
I am under contract for a preconstruction townhouse. I would like to get out of the contract. I just received the operating budget for the year and the amount of HOA fees that I will need to pay. Can I get out of the contract since I have 3 days to cancel once I receive documents like this?
Thanks
1 Answer from Attorneys
Re: Preconstruction
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Probably not. I doubt that this would be an event that would trigger an opportunity to cancel your Contract. Generally, it takes a material change to the Declaration or By-Laws to allow the buyer to opt out of a Contract.
I would strongly suggest that you meet with a real estate attorney who can review your Contract and advise you as to your situation.
Scott R. Jay, Esq.
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