deposits: FL Caselaw Update: Buyer entitled to return of deposit ...
- 09/21/07 03:12 AM
Buyer was entitled to return of deposit for Seller’s failure to fulfill conditions to closing Bruce Stein, Appellant, v. David Howell, Appellee 4th District, Case No. 4D04-3586, September 19, 2007
Buyer and Seller entered into a contract regarding commercial property. The contract provided that “in the event any condition of this Contract is not met Buyer’s deposit will be returned in accordance with applicable Florida laws and regulations.” A first addendum to the contract provided that the parties would share the cost of an environmental study. A second addendum stated that “the closing is contingent upon a clear Phase I … (1 comments)
Buyer was entitled to return of deposit for Seller’s failure to fulfill conditions to closing;)
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