Standard and AS IS

By |2020-11-25T15:23:36+00:00April 1st, 2017|Financial|

ISSUES WITH THE NEW FLA/BAR REAL ESTATE CONTRACT In April, 2017 the new FLA/BAR real estate “Standard” and “AS IS” real estate contracts went into effect. Any real estate professional should take this opportunity to read the new contract not only to understand the changes but also as a refresher of their understanding of [...]

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Special Assessments and Condominium Sales Contracts

By |2021-10-25T13:33:51+00:00March 19th, 2017|Financial, International, Taxes, Uncategorized|

Special Assessments can be the bane of a condominium closing. The standard ASIS-5 contract has provisions within the contract at Section 9, Subsection (f), Line 177 called “Special Assessments”. However, this section of the contract does not deal with special assessments passed by an association. This provision in the contract is dealing with [...]

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