Real Estate Law Title

Florida real estate market watchers and condo lawyers have their eyes on a case which is currently on appeal in the Fourth District Court of Appeal in West Palm Beach. The court is expected to clarify the meaning of “material and adverse impact” with respect to whether unforeseen rising insurance and utilities expenses are sufficient for a purchaser to cancel a condo contract, even if the record shows that the buyers could handle paying the increased costs. The lower court dismissed the lawsuit (which was filed against Swerdlow Group’s Marina Grande Riviera Beach), and it is really anyone’s guess whether the appellate court will revive the plaintiffs’ claims.

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