Q: Does a builder have to escrow non-refundable deposits when they build less then 10 homes per year? See statute 501.1375
Also, the client owns the land already where the home was to be constructed.
A:
Without spending any time reviewing the statute mentioned here I will point out the obvious: If the deposit is "non-refundable" then it is probably NOT covered under the statute cited.
Having said that I feel that I would be remiss in not presenting this free practical advice--offered for the last 41 years to people starting or operating small businesses:
The main difference between successful small businesses and those that fail within a relatively short period of time is good legal advice. The owners of most successful small businesses understand that retaining a competent experienced business lawyer and paying modest legal fees to advise them--from day one—may end up saving them thousands of dollars later when they must fix unnecessary disasters that could have been avoided. Hiring a good business lawyer and then calling upon them to help you avoid the many minefields beats asking for free business advice on Justia. Try it and see.
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