Chapkin Law

Our new blog post on the latest update to the FTC’s ban on non-competes is now live! Check it out by clicking the link below:

Blog | Chapkin Law September 05, 2024 The Federal Trade Commission’s Non-Compete Ban has been blocked by a U.S. District Court. What now? The non-compete rule by the Federal Trade Commission (FTC) that sought to prohibit non-compete... Latest

The standard “As Is” Residential Contract for Sale and Purchase form approved by the Florida Bar has a section for the Buyer and Seller to provide their respective notice addresses in the event of a breach. Unfortunately, this section is rarely completed prior to signing. As a result, there can be significant delays when it comes to enforcement of these contracts because it’s unclear where to send a demand letter. While it usually impacts a seller’s claim on the buyer’s security deposit in the event of breach, a buyer can face similar issues when a seller who does not live in the property fails to timely close.

So what’s the lesson? Make sure that notice addresses for all parties are provided in the contract prior to signing. If you’re a realtor preparing the offer, gather the information and fill it in the blank space. You just might prevent a deal from falling apart.

New suite number, new office supplies.