Statute of limitation in Florida for contracts is 5 years for written contracts and 4 years for verbal contracts. Please see this article for more information: http://www.expertlaw.com/library/limitations_by_state/Florida.html
Please be aware that the parties can shorten this time by contract. If the contract states that the statute of limitation is 3 years, and you agreed to this term, then the statute of limitation may be 3 years.
Please consult with a FL real estate
or condo. lawyer immediately for a full discussion of your rights given your contract. Best wishes.
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