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Tag: Working With Contractors/Vendors

Condo questions: Can contract be terminated, finished with new contractor? (FL)

Q: We recently hired a general contractor to remodel the common areas. The cost of the project is over a million dollars and we are not happy with the contractor. Our attorneys tell us that we are stuck in the contract, but we want to terminate the contract and finish with a different contractor. Is that possible?   Read the Q&A………………………………….. https://communityassociations.net/category/fl_news/feed/

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Condo questions: Don’t enter into a contract without proper protections (FL)

Q: We signed a contract for a landscape vendor to install various trees and shrubs throughout the community. The contract is simply an estimate of $50,000 with no content other than a price and a description of the plant materials. Our president signed the estimate and now the contractor claims he can’t get the materials. Can we cancel the contract?    Read the Q&A…………………………………. https://communityassociations.net/category/fl_news/feed/

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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