Buyer closes on a home purchase in December. The prior owners held title for thirty years and occupied the property as their homestead. Tax pro-rations are based on last year’s taxes in the amount of $3,000.00 (this is the custom and practice in the industry). Both parties sign a re-proration agreement agreeing to adjust tax [...]
In light of the Covid-19 pandemic, does the Force Majeure clause allow a Seller or Buyer to back out of a Florida residential real property contract? Whether you are a Buyer or Seller, numerous contracts will be canceled or delayed due to the Covid-19 pandemic. In many instances, one of the parties will argue [...]
FINANCIAL ASSISTANCE FOR BUSINESSES AFFECTED BY COVID-19 PAYCHECK PROTECTION PROGRAM COVID-19 has caused substantial economic hardship for almost every business. The CARES Act, which became law on March 27, 2020, through its Paycheck Protection Program, also referred to as the Payroll Protection Program (“PPP”), provides significant financial help for small businesses, including businesses [...]
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