Annotate Legal Florida Option To Purchase Forms For Free

A Florida Real Estate Contract must be in writing and contain the following, in order to be legally binding; The parties to the contract ? Buyers and Sellers identification. Identification of the Real Property by means of a legal description and street address.

While verbal agreements can be enforceable, certain exceptions exist in Florida law. These include real estate agreements, contracts that cannot be performed within one year, agreements for the sale of goods over a certain value, and contracts governed by the Statute of Frauds.

Similarly, a personal representative's promise to pay the debts of an estate, a promise to pay a debt barred by the statute of limitations, home solicitation sales, home improvement contracts, contracts concerning an interest in land, health care guarantees, newspaper subscriptions, and credit agreements must be ...

For any agreement to be valid and enforceable there must have been an offer and an acceptance thereof. The acceptance is in exchange for something with value, such as services, goods or money.

Writing- A contract for the purchase and sale of real estate must generally be in writing to be enforceable. Identification of the Parties- The contract must specifically identify the parties to the contract, the buyer and seller.

A Florida rent-to-own lease agreement allows the tenant an option to purchase the property under pre-determined terms. Similar to a standard lease, the landlord will request a financial background check on the tenant. If approved, the landlord will sign a lease and establish the terms for purchasing the property.