Section 520.73 of the Florida Statutes
Home improvement contract; form and content; separate disclosures.
(1) Every home improvement contract shall be evidenced by a written agreement and shall be signed by the parties. The home improvement contract shall be in the form approved by the office and shall contain:
(a) The name, address, and license number of the home improvement finance seller;
(b) The names of the home improvement finance seller's employees who solicited or negotiated the home improvement contract;
(c) The approximate dates when the work will begin and will be completed; and
(d) A description of the work to be done and the materials to be used.
(2) The home improvement contract shall also contain:
(a) The "amount financed," using that term, and a brief description such as "the amount of credit provided to you or on your behalf." The amount financed is calculated by:
1. Determining the cash price, and subtracting any down payment;
2. Adding any other amounts that are financed by the creditor and that are not part of the finance charge; and
3. Subtracting any prepaid finance charge;
(b) The "finance charge," using that term, and a brief description such as "the dollar amount the credit will cost you";
(c) The "total of payments," using that term, and a descriptive explanation such as "the amount you will have paid when you have made all scheduled payments";
(d) In a credit sale, the "total sale price," using that term, and a descriptive explanation, including the amount of any down payment, such as "the total price of your purchase on credit, including your down payment of $_____." The total sale price is the sum of the cash price, the items described in subparagraph (a)2., and the finance charge disclosed under paragraph (b);
(e) The amount of any money provided for debt consolidation;
(f) The interest charge for the amount advanced for debt consolidation;
(g) The total amount due under the home improvement contract, which shall be stated as a sum in dollars, less any down payment;
(h) The number of monthly payments and the amount of each payment; and
(i) The description of any collateral security taken or to be taken for the owner's obligation under the home improvement contract.
Except for the requirements of subsection (1) and the provisions of subsection (3) which provide for a separate written itemization of the amount financed, a contract which complies with the federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., or any accompanying regulations shall be deemed to comply with the provisions of this subsection and subsection (3). However, in any proceeding to enforce the provisions of this section, the burden of alleging and proving compliance with the federal Truth in Lending Act shall be on the party claiming compliance.
A Lakeland Florida Home Improvement Contract — Self-Employed is a legal agreement entered into by a self-employed contractor and a homeowner in Lakeland, Florida, for the purpose of specifying the terms and conditions of a home improvement project. This contract ensures that both parties are clear on the scope of work, payment terms, timelines, and other essential details related to the project. Keywords: Lakeland Florida, home improvement contract, self-employed, legal agreement, contractor, homeowner, terms and conditions, scope of work, payment terms, timelines, project. There can be several types of Home Improvement Contracts for self-employed contractors in Lakeland, Florida, each catering to different aspects of a home improvement project. Let's explore the different types: 1. General Home Improvement Contract: This type of contract covers a wide range of home improvement projects, including but not limited to kitchen/bathroom remodeling, flooring installation, roofing repairs, landscaping, and painting. It lays out the terms and conditions applicable to the overall project. 2. Specific Trade Contract: In some cases, a contractor specializing in a particular trade, such as plumbing, electrical work, or HVAC installation, may enter into a specific trade contract with the homeowner. This contract would detail the specific work to be done within that trade, ensuring clarity on responsibilities and expectations. 3. Renovation or Restoration Contract: When a homeowner intends to renovate or restore an existing property, a separate contract may be required. This type of contract would outline the specific restoration or renovation work to be carried out, including any necessary repairs, replacements, or upgrades. 4. Design-Build Contract: In instances where a contractor takes on a project that involves both design and construction, a design-build contract may be used. This contract outlines the design and construction responsibilities, as well as any other services provided by the contractor, such as project management and material sourcing. 5. Maintenance or Repair Contract: For ongoing maintenance or repair services, a separate contract may be established to clearly define the terms and conditions, including frequency of service, payment terms, and any other relevant details. Overall, a Lakeland Florida Home Improvement Contract — Self-Employed is a crucial document for both the contractor and the homeowner. It provides a legal framework that protects the interests of both parties and ensures a clear understanding of the project's requirements and expectations. It is essential to consult with legal professionals or industry experts to draft a comprehensive contract that addresses specific needs and adheres to relevant laws and regulations.A Lakeland Florida Home Improvement Contract — Self-Employed is a legal agreement entered into by a self-employed contractor and a homeowner in Lakeland, Florida, for the purpose of specifying the terms and conditions of a home improvement project. This contract ensures that both parties are clear on the scope of work, payment terms, timelines, and other essential details related to the project. Keywords: Lakeland Florida, home improvement contract, self-employed, legal agreement, contractor, homeowner, terms and conditions, scope of work, payment terms, timelines, project. There can be several types of Home Improvement Contracts for self-employed contractors in Lakeland, Florida, each catering to different aspects of a home improvement project. Let's explore the different types: 1. General Home Improvement Contract: This type of contract covers a wide range of home improvement projects, including but not limited to kitchen/bathroom remodeling, flooring installation, roofing repairs, landscaping, and painting. It lays out the terms and conditions applicable to the overall project. 2. Specific Trade Contract: In some cases, a contractor specializing in a particular trade, such as plumbing, electrical work, or HVAC installation, may enter into a specific trade contract with the homeowner. This contract would detail the specific work to be done within that trade, ensuring clarity on responsibilities and expectations. 3. Renovation or Restoration Contract: When a homeowner intends to renovate or restore an existing property, a separate contract may be required. This type of contract would outline the specific restoration or renovation work to be carried out, including any necessary repairs, replacements, or upgrades. 4. Design-Build Contract: In instances where a contractor takes on a project that involves both design and construction, a design-build contract may be used. This contract outlines the design and construction responsibilities, as well as any other services provided by the contractor, such as project management and material sourcing. 5. Maintenance or Repair Contract: For ongoing maintenance or repair services, a separate contract may be established to clearly define the terms and conditions, including frequency of service, payment terms, and any other relevant details. Overall, a Lakeland Florida Home Improvement Contract — Self-Employed is a crucial document for both the contractor and the homeowner. It provides a legal framework that protects the interests of both parties and ensures a clear understanding of the project's requirements and expectations. It is essential to consult with legal professionals or industry experts to draft a comprehensive contract that addresses specific needs and adheres to relevant laws and regulations.
