FL Real Estate
Florida Real Estate Questions? Ask a Real Estate Expert.
Good evening. I am Loren, a Florida licensed attorney, and I look forward to assisting you.
Why are you seeking to terminate the contract? Does the contract have a provision providing for liquidated damages?
Liquidated damages states that if a buyer breaches a contract then the deposit is automatically forfeited to the seller as damages for the breach and that the seller can not sue for any more damages than that.
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Does the contract provide for liquidated damages? Why are you seeking to cancel?