Gainesville, FL asked in Civil Litigation and Contracts for Florida

Q: If I signed a contract to hold until at date and received a down payment to do so and it was broken on the persons

Behalf can I keep the money they gave me if they didn’t contact me until later

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2 Lawyer Answers
Terrence H Thorgaard
Terrence H Thorgaard
Answered
  • Freeeport, FL
  • Licensed in Florida

A: It depends upon the terms of the contract.

Bruce Alexander Minnick agrees with this answer

Bruce Alexander Minnick
Bruce Alexander Minnick
Answered
  • Tallahassee, FL
  • Licensed in Florida

A: READ the written contract. If it says the buyer forfeits their deposit if the deal does not close by a date certain, that would be good news for you. However, if the written contract is silent on the issue you might not want to do it.

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