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FL real estate contract & condo assessment



Gary Goodman
4/20/2004 8:38:40 PM


I have a condo in Miami that is under contract for sale to a woman. The
closing date was supposed to be at the end of this month (The contract
was approved by the buyer and me in February for $130K.) but last week I
found out that the board is going to notify owners of a $5,000 per unit
assessment.
The buyer already has approval for a mortgage, the unit passed an
inspection and the title search came up clean.
I heard from my broker today that the buyer wants to negotiate who pays
the $5,000. What can happen to me if I insist on the buyer honoring the
contract?
Under Florida law, is there any way the buyer can back out of the
contract?
Thanks,
Gary
--
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