Real Estate Contract Disputes in Florida

Putting Disputes to Rest with a Real Estate Litigation Attorney

A contract of sale for a piece of real estate contains, more or less, the terms and conditions of the sale, as well as any agreed upon contingencies. It can be as complicated or as simple as the parties involved want it to be, and it is for this reason that contract disputes remain fairly common in real estate litigation. If only one set term is violated or one contingency is not met, the contract is considered breached, or defaulted.

Many contracts will include a dispute resolution plan somewhere in the document. This will outline how any disputes should be resolved and even what constitutes a dispute. Dispute resolution clauses are not necessarily legally binding, though, and if you have a reason to dispute a contract that may have been breached, you should contact a real estate litigation attorney from The Edwards Law Firm, PL. Together, you may be able to decide the best option for resolving the dispute, even if that means something differently than what was described in the contract itself.

Terms and Conditions in Contracts

As previously stated, terms and conditions can be as straightforward or as varied as the parties involve want them to do. There are, however, a few that are typically found and deemed acceptable, such as:

  • Purchase price of the title or property
  • Final date of sale
  • Initial date that the buyer can begin occupancy
  • Items included with the property, such as carpeting and light fixtures

Possible Issues with Contingencies

A contingency in a real estate contract is similar to general terms and conditions in the way that if either are not met, the entire contract could be null and void. They are different, though, in the way that a contingency may deal less directly with the title and the property and more with outside influences. Furthermore, if a contingency is not met and a potential buyer has already provided an initial deposit to the seller, that money should be rewarded back to the buyer in most circumstances.

A few common contingencies you might come across include:

  • Seller providing a detailed inspection report of the property
  • Buyer selling any other current residences
  • Buyer requesting a mortgage plan on the new property

Let a Sarasota Real Estate Litigation Attorney Handle Your Case

Arbitration and mediation may not be the right solution to your contract dispute. Furthermore, if there is a dispute resolution clause in the contract, there’s nothing that says it will be fair or have your best interests in mind. The right choice is to seek legal counsel from an experienced lawyer as soon as a dispute arises. At The Edwards Law Firm, PL we operate under the idea that the client comes first, and that nothing can be overlooked in a case. If you want to have your real estate matters settled without giving up your own priorities, we encourage you to call us today for a case evaluation .