New Challenge to Rising Supply Costs: Replacement Coverage
If disaster destroys a home, the owner’s “replacement coverage” should cover the cost of rebuilding – but maybe not if current building costs have outpaced policy limits.
Time for Acceptance? Make the Most of this Provision
ORLANDO, Fla. – Articles in Florida Realtors’ Legal Newsletter in the past addressed the time for acceptance provisions that exist in all the Florida Realtors contracts. However, this article specifically addresses this provision in the context of today’s hot market. Let’s walk through the language regarding the time for acceptance, what it means and the…
Surfside Condo Tragedy Could Influence RE Market
It could take years to understand the Surfside tragedy’s cause, and condo buyers will likely pay more attention to building inspections and assessments going forward.
Can Tenant Claim ‘Emotional Support Animal’ at Any Time?
RE Q&A: A condo board denied a tenant’s dog that was 30 pounds above their weight limit, but she later got documentation showing it’s an emotional support animal. Can she do that? Also: Condos, HOAs, noise and pickleball.
Lady Bird Deed Allows Inheritor of Property to Avoid Probate
Fla. property can easily transfer after an owner’s death if they set up a lady bird deed. It’s similar to a trust fund set up for finances but applies to a property asset.
Florida Realtors Awards $222,800 in Scholarships
Across Fla., 177 young people are getting help with their college costs from Florida Realtors Education Foundation, as they prepare for a more usual experience this fall.
NAR: Solid Rebound for May Pending Home Sales
Pending sales rose 8% month-to-month in May and 13.1% year-to-year – the highest May reading (114.7) since 2005. NAR’s economist calls it a surprise following April’s decline and less affordability; but higher wealth and “rising prices evidently provided funds for purchases.”
Credit Card Offer: Charge Rent, Save Points for a Down Payment
Using a new credit card could boost credit scores and help move to homeownership, though it would take 10 years to accumulate $6,000 if paying $1,500 per month.
U.S. Supreme Court: CDC Lacks Eviction-Ban Authority
However, the CDC previously said a July 31 extension would be the last, and the court will keep the ban in place for the “orderly distribution of … rental assistance funds.”
Dictionaries, Differing Definitions and the Law
Common words often have specific legal definitions and might not mean what you think. Sometimes, the definition is specific to a contract. Sometimes it’s industry-specific. And sometimes a regular dictionary is the right reference source.