Preconstruction and Condominium Law in South Florida and New York

The attorneys at Deposit Recovery Services have asked us to put a note in todays blog post, that the Indian Student SEO article contest is still in effect. As an update, we have gotten permission to do an SEO test on the website of Deposit Recovery Services. A team of Florida and New York Preconstruction and Condo Lawyers focused on real estate contract law. Protecting buyers rights in the arena of Condo Contract Law.

If you have a question regarding your Condo Contract and your legal rights to escape the terms of your contract prior to closing....please email or call for a free consultation.

We will be back to our normal informational writing on condo and preconstruction law in just a few days.

Article #3 on the list of SEO articles for Miami, Broward, and Palm Beach Real Estate Law.
This article is not the opinion and has not been reviewed by a Real Estate Condo Attorney.
Real estate law defines a person’s right to owning and possessing land, structures on land and buildings including whatever materials that can be found above or below the land’s surface. Because there are various laws governing certain areas here is a list of some of the basic real estate laws in South Florida.
A contract that binds both the tenant and the landlord is called a lease regardless of the state you’re in a lease is a lease. The variation occurs in the rental amount, payment dates, and duration of lease, facilities, utilities and other particulars that are applicable in the area. Some minor provisions can be issued by landlords as long as it is legal.
Can I get out or rescind my preconstruction condominium contract
In occasions of periodic tenancy, unless terminated accordingly under Florida Law, the lease must be automatically renewed from period to period. Also with regards to termination of lease the law states certain requirements. Year to year lease deems that a notice must be given 60 days before the said contract end. For a quarter lease, 30 days must be allotted. For the month to moth lease, 15 days is set while a week to week lease requires a notice 7 days prior to the end of the contract.

The Florida real estate law states that a landlord shall hold the security deposit in both an interest bearing account and a non-interest bearing account. At the end of the lease landlords have 15 days to return the security deposit. It is then that the landlord may notify the tenants of any damages he wishes to charge them with. The tenant is given 15 days to accept or reject a landlord’s claim. After which the landlord may freely deduct from the security deposit whatever damage charges he claims. Any further disputes will be dealt with in court. Mitigation of any damages is required from landlords as it is not fair to purposefully pile up said charges.

I would like to get out of my condo contract before closing

It is against South Florida real estate law to discriminate in any sale of appraisal or brokerage because of a handicap, race, sex, national origin, religion or familial status.

Real Estate condo/pre-construction test number 3 for south florida and new york

New information on Washington Mutual Lawsuit. Mortgage Fraud/Appraisal allegations.
New York Attorney General Andrew Cuomo said Thursday that his office sued First American Corp. (FAF) and its eAppraisalIT unit for alleging colluding with Washington Mutual Inc. (WM) to use a list of preferred appraisers to inflate mortgage appraisals.

In a press release, Cuomo said First American allegedly caved to pressure from Washington Mutual to use a list of so-called "proven appraisers" who allegedly provided inflated appraisal values.

"The independence of the appraiser is essential to maintaining the integrity of the mortgage industry," Cuomo said. "First American and eAppraisal IT violated that independence when Washington Mutual strong-armed them into a system designed to rip off homeowners and investors alike."

Cuomo will discuss the lawsuit in more detail at a press conference Thursday morning.

In the press release, Cuomo said emails showed eAppraisalIT executives knew their behavior was illegal, but intentionally broke the law to secure future business with Washington Mutual.

The lawsuit was filed in New York State Supreme Court. Washington Mutual is not listed as a defendant.

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DISCLAIMER: The Law Offices of Eric L. Bronfeld, P.A. have NOT prepared or reviewed these materials. This blog is for informational purposes only.
They are not legal advice and have not been written by a Florida or New York Real Estate Attorney.
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