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Review Purchase Agreement in Florida

How much does it cost to review a Purchase Agreement in Florida? Below are summary details about a user that needed to review a Purchase Agreement in Florida. This cost data comes directly from ContractsCounsel's online marketplace. The user received 1 bid to review the Purchase Agreement at a price of $500 on a flat fee. The data includes project specifications and Purchase Agreement pricing. To review more pricing data, visit Purchase Agreement pricing.
Service type
Review
Document type
Purchase Agreement
Location
Florida
Client type
Personal
Client industry
-
Deadline
Over a week
Pricing Range
$500 (Flat fee)
Number of Bids
1 bid
Pages
3 pages

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Forum Questions About Purchase Agreement

Purchase Agreement

New York

Asked on Mar 3, 2021

Are there cancellation fees in purchase agreements?

I am currently in the process of purchasing a home and I have been presented with a purchase agreement. I was wondering if there are any cancellation fees included in the agreement, as I would like to make sure that I am aware of all the terms and potential costs associated with this purchase. I want to make sure that I am fully informed before I make a final decision.

Damien B.

Answered Mar 3, 2021

Hello! I understand you are entering into a Purchase Agreement and want to know whether there are any cancellation fees. First, you would read the agreement to see if there is any mention of termination/cancellation fees such as the loss of the down payment if the buyer attempt to terminate the contract. But, generally, the agreement is binding contract. So, if a buyer attempts to cancel the contract, it could be considered a breach of contract. In that situation, the seller can claim damages, which usually results in a loss of the down payment but also could lead to other monetary claims or a claim to attempt to force the buyer to fulfill the purchase (general called a specific performance claim). Separately, in most cases, if the buyer's ability to purchase the property is dependent on getting a secured loan, usually there would be no cancellation or damage claim and the buyer would have the right to the return of the downpayment (this should be outlined in the contract and is usually referred to as a contingency clause). I hope that helps.

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Purchase Agreement

California

Asked on Mar 3, 2021

What happens if a purchase agreement expires?

I recently entered into a purchase agreement for a property with a seller. The agreement had a specific timeline for when the purchase needs to be completed, but that timeline is quickly approaching and the purchase has not yet been completed. I am unsure of what happens if the purchase agreement expires and I would like to get more information from a lawyer on the potential implications of the agreement expiring.

Sarah E.

Answered Mar 3, 2021

As long as you have an accepted offer the contract is valid and enforceable, regardless of the purchase agreement date; However, if there is a termination clause in the agreement or any language that might trigger termination after expiration, then the contract might be invalid. You need a lawyer to thoroughly review the contract.

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