Below are some important dates to consider that are standard in a Florida residential purchase contract. Unless otherwise indicated, the number of days listed applies when the section is left blank.
Initial Deposit- buyer must tender within 3 days
Additional Deposit- buyer must tender within 10 days
Time for Acceptance or Offer and Counter Offer- within 2 days
Financing- deadline for loan application within 30 days
Delivery of title insurance commitment to buyer within 5 days
Inspection- buyer has 15 days to inspect with right to cancel
Title Examination- buyer shall have 5 days after receipt of Title Commitment to examine it and notify Seller in writing specifying defect(s), if any, that render title unmarketable