This page does not list projects, prices or delivery dates. Those change month to month, and a stale figure on a page like this is worse than no figure at all. What is on this page instead is the part that does not change: what Florida law entitles you to when you buy pre-construction, and what to check before you sign. For what is actually selling right now, ask us, that answer has a date on it.
Florida Condominium Act, Chapter 718. Each line cites its section. This is general information, not legal advice.
| Where your deposit sitsFla. Stat. 718.202 | A separate escrow account controlled by an escrow agent, not with the developer |
|---|---|
| Proof of depositFla. Stat. 718.202 | The escrow agent must give you a receipt on request |
| Reservation depositsFla. Stat. 718.202 | Refunded in full on written request, before a contract is signed |
| Right to cancelFla. Stat. 718.503 | 15 days from signing and receiving every required document |
| If the deal changesFla. Stat. 718.503 | A fresh 15 days from any amendment that adversely alters the offering |
| Can that right be waived?Fla. Stat. 718.503 | No. A purported waiver has no effect. |
| When it endsFla. Stat. 718.503 | Your right to void terminates at closing |
| Developer cannot rush youFla. Stat. 718.503 | They may not close for 15 days after signing and delivery, unless you agree |
| If you terminate properlyFla. Stat. 718.202 | Escrowed funds are returned to you with any interest earned |
| If you defaultFla. Stat. 718.202 | Escrowed funds go to the developer with any interest earned |
| The budget you are shownFla. Stat. 718.503 | Estimates only. The statute requires them to say so. |
The 15-day clock does not start until you have received all of it. If a document is missing, your window has not begun.
Almost every protection in this transaction sits inside that window. It is when you read the declaration, the budget and the management contract, and when a lawyer reads them with you if you want one.
Two details people miss. The clock starts on the later of signing and receiving every required document, so an incomplete package means the clock has not started. And if the developer later amends the offering in a way that hurts you, a fresh fifteen days begins from that notice.
The right cannot be waived, and it ends at closing.
The budget is an estimate. The statute requires it to say so. First-year association dues in a new building are frequently set low and rise once the association takes over from the developer. Ask what the assumptions are.
The delivery date. Most contracts carry an estimated completion date and generous extension provisions. Understand what happens to your deposit and your financing if the building runs late.
What you can do with it. Rental restrictions, minimum lease terms and short-term letting rules live in the declaration. If the purchase only works as an investment, this is the clause that decides whether it works at all.
The deposit schedule. Pre-construction usually takes deposits in stages over the build. Know the dates before you sign, not after.
Some units change hands before the building is finished, as an assignment of the original contract rather than a resale. Whether that is permitted, what it costs, and whether the developer must approve it are all set by the contract, and they vary.
Prices, incentives, deposit schedules, delivery dates and remaining inventory in a new building change constantly. A page listing them is out of date within weeks, and on a licensed agent’s site an out-of-date price is a real problem rather than an untidy one.
So the durable part is published here and the current part is not. Tell us what you are looking for, area, budget, whether it is to live in or to hold, and we will tell you what is actually being sold this month, at what price, on what deposit structure, and which buildings we would look at twice before recommending.
That answer comes with a date attached, which is the only honest way to give it.
Send us the building, or just the area and budget. We’ll tell you what is available now, go through the deposit structure and the declaration with you, and make sure the 15 days get used properly.
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Statutory citations are to the Florida Condominium Act as published by the Florida Legislature. Statutes are amended from time to time; verify the current text before relying on it. This page is general information and is not legal advice.
