804 Fairhaven Drive North Palm Beach, FL 33408
107 Segovia Avenue Royal Palm Beach, FL 33411
107 Segovia Avenue Royal Palm Beach, FL 33411
Call Tory at 561.512.3092 to view this property
Located in the heart of Royal Palm Beach, this immaculate 3 bed/2 bath home is the perfect family home! Completely remodeled, this home will not disappoint. The kitchen is a chef’s dream and is perfect for entertaining with plenty of counter space, a new massive granite island, stainless-steel appliances, and even a hood over the stove. Each of the oversized bedrooms has a large walk-in closet. There is even a bonus room that could be used as a 4th bedroom or home office. Each bathroom has been completely remodeled with top-end hardware and a separate tub and shower. Enjoy evening sunsets from the screened-in Florida Room, which could also be a great playroom for the kids, making it the ideal space for indoor/outdoor living. The back yard is perfectly sized and has several fruit trees
as well. Conveniently located in one of Royal Palm Beach’s most sought-after neighborhoods, the home is within walking distance to the top-rated schools and is minutes to shops and restaurants. Nearby, there is even a dog park, basketball courts, fishing lakes, boating and jet skiing, and much more. This home is the ideal family home!
Can the Escrow Agent be different from the Closing Agent and the Title Agent in Florida
Quick answer: YES. All 3 of these are distinct roles in the FAR BAR As-Is Contract and although they are often the same they do not need to be. The Escrow Agent is defined on page 1 as a “fill in the blank” on the contract. It is typically left blank, to be filled in by the Seller, OR filled in with the typical Closing and Title agnecy used by the agent for the Buyer.
THIS QUESTION OF WHO SHOULD HOLD THE ESCROW FUNDS SHOULD BE ANSWERED WITHOUT THOUGHT. As I go into in this blog the question of who whould hold title is an important detail. If you’re a Buyer reading this and your agent does not know these intricacies then perhaps you should not be entrusting them with what is often the the largest transact of YOUR LIFE.
BTW, the Closing Agent is responsible for colelcting documents and funds and getting everything signed and recorded. The Title Agent is an insurance agent resposible for issuance of the title policy.
2023 New law for residential AC warranty NOW transfers to the new owner
Thinking of selling your home? Call me Chris Ryder @ 561.818.3858 and you won;t have to google questions like this.
On June 23, 2023, Governor DeSantis signed HB 1203 into law. Effective July 1, 2023, the law provides for the following: When residential real property that includes a heating, ventilation, and air-conditioning (HVAC) system is conveyed to a new owner, a manufacturer’s warranty in effect for the system (or a component of the system) is automatically transferred to the new owner, and shall continue to be in effect as if the new owner was the original purchaser. Warrantors for HVAC systems continue to be obligated under the terms of the original manufacturer’s warranty agreement for warranties transferred under this law and may not charge a fee for the transfer of the warranty. However, the transfer of a warranty does not extend the remaining term of the warranty. A manufacturer’s warranty for an HVAC system is deemed registered with the manufacturer if a contractor licensed under part I of Chapter 489 installs the new HVAC system; AND provides the manufacturer of the HVAC system with the certificate of occupancy (for HVAC systems installed in new construction) OR the serial number of the HVAC system that was installed for existing construction. Additionally, the law requires that: Contractors licensed under part I of Chapter 489 who install new HVAC systems MUST document the installation through an invoice or receipt and provide the invoice or receipt to the customer.
- There is no fee allowed fort he tranfer of the warranty
- The system must have been installed by a licensed HVAC company.
- The installer MUST provide the manufacturer with a certificate of occupancy or the serial number.
- The installer MUST document the installation through an invoice or receipt and provide the invoice or receipt to the customer.
Landlord and Tenant Act
Source: Landlord and Tenant Act
Time line for Landlord imposing a claim on the security deposit of a Tenant in Florida
I tend to have good luck with Tenants moving out and leaving the place in good shape but eventually one does have to make a claim on a security deposit of Tenant. FAR does have a form for this and it includes the statutory language:
“This is a notice of my intention to impose a claim for damages in the amount of ??? upon your security deposit, due to…. It is sent to you as required by s. 83.49(3), Florida Statutes. You are hereby notified that you must object in writing to this deduction from your security deposit within 15 days from the time you receive this notice or I will be authorized to deduct my claim from your security deposit. Your objection must be sent to (landlord’s address) .”
Once the tenant moves out landlords should conduct an inspection of the property. If there is no reason to retain any of the deposit then the landlord has 15 days to return the deposit.
BUT, if the landlord does want to withhold some, or all, of the deposit they have 30 days to notify the tenant. If they do not notify the tenant within this time they may not then withhold any of the deposit.
OK, so let’s say the Tenant moves out and the Landlord sends the proper notice (last known address via certified mail with return receipt) on the 10th of the month. The Tenant may object to this IN WRITING, WITHIN 15 DAYS OF RECEIPT OF THE NOTICE which was sent certified mail. Note that the response need not be certified mail.
What happens if the Tenant does not respond at all, or they do not accept the certified mail? The intent of the certified mail is not to prove it was receive but that it was sent. The statute reads:
“Unless the tenant objects to the imposition of the landlord’s claim or the amount thereof within 15 days after receipt of the landlord’s notice of intention to impose a claim, the landlord may then deduct the amount of his or her claim and shall remit the balance of the deposit to the tenant within 30 days after the date of the notice of intention to impose a claim for damages. The failure of the tenant to make a timely objection does not waive any rights of the tenant to seek damages in a separate action.”
The full section of the Fl staute reads…
(3)The landlord or the landlord’s agent may disburse advance rents from the deposit account to the landlord’s benefit when the advance rental period commences and without notice to the tenant. For all other deposits:
(a)Upon the vacating of the premises for termination of the lease, if the landlord does not intend to impose a claim on the security deposit, the landlord shall have 15 days to return the security deposit together with interest if otherwise required, or the landlord shall have 30 days to give the tenant written notice by certified mail to the tenant’s last known mailing address of his or her intention to impose a claim on the deposit and the reason for imposing the claim. The notice shall contain a statement in substantially the following form:
This is a notice of my intention to impose a claim for damages in the amount of upon your security deposit, due to. It is sent to you as required by s. 83.49(3), Florida Statutes. You are hereby notified that you must object in writing to this deduction from your security deposit within 15 days from the time you receive this notice or I will be authorized to deduct my claim from your security deposit. Your objection must be sent to (landlord’s address).
If the landlord fails to give the required notice within the 30-day period, he or she forfeits the right to impose a claim upon the security deposit and may not seek a setoff against the deposit but may file an action for damages after return of the deposit.
(b)Unless the tenant objects to the imposition of the landlord’s claim or the amount thereof within 15 days after receipt of the landlord’s notice of intention to impose a claim, the landlord may then deduct the amount of his or her claim and shall remit the balance of the deposit to the tenant within 30 days after the date of the notice of intention to impose a claim for damages. The failure of the tenant to make a timely objection does not waive any rights of the tenant to seek damages in a separate action.
(c)If either party institutes an action in a court of competent jurisdiction to adjudicate the party’s right to the security deposit, the prevailing party is entitled to receive his or her court costs plus a reasonable fee for his or her attorney. The court shall advance the cause on the calendar.
(d)Compliance with this section by an individual or business entity authorized to conduct business in this state, including Florida-licensed real estate brokers and sales associates, constitutes compliance with all other relevant Florida Statutes pertaining to security deposits held pursuant to a rental agreement or other landlord-tenant relationship. Enforcement personnel shall look solely to this section to determine compliance. This section prevails over any conflicting provisions in chapter 475 and in other sections of the Florida Statutes, and shall operate to permit licensed real estate brokers to disburse security deposits and deposit money without having to comply with the notice and settlement procedures contained in s. 475.25(1)(d).
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