Рет қаралды 13
In this video, we sit down with attorney Mark Violet to explore the concept of "acts of God" (force majeure) in Florida real estate law. 🌪️⚖️ Mark explains how unforeseen events-such as hurricanes, wildfires, or even government actions-can disrupt real estate transactions, and how legal provisions in contracts can allow buyers and sellers to cancel or pause the deal.
Mark focuses specifically on the importance of securing hazard insurance early, especially during hurricane season (June to November), to ensure the closing process stays on track. Whether you’re a buyer, seller, or real estate professional, this video covers essential legal tips to navigate these unpredictable situations.
Key Points:
Force Majeure in Real Estate Contracts: What it means and how it applies in Florida.
Unforeseen Events: Hurricanes, wildfires, government actions, and other disruptions.
Florida Contracts: How the FAR/BAR and CRISP contracts address force majeure.
Pro Tip: Bind your hazard insurance early to avoid closing delays during hurricane season.
Hurricane Season: Best practices for real estate transactions between June and November.
Stay informed and protect your real estate investments!
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