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Explanation of significant changes to the 2021 Florida Realtors/Florida Bar AS IS Residential Contract for Sale and Purchase (1 of 10)

Posted by Sami Thalji | Nov 09, 2021 | 0 Comments

The Florida Realtors/Florida Bar AS IS Residential Contract for Sale and Purchase of real estate has been modified beginning in November 2021. Our firm has put together a 10 part breakdown on the changes and areas you should be aware of. Many of the changes make a big difference for realtors and buyers/sellers alike. Here is the part 1: 

1) Personal Property: In a revision to Paragraph 1(d), items were added to list of personal property to be conveyed to the buyer (excluding those not owned by the seller, not present on the property on the initial date of the offer or omitted by the contract). New items include: Thermostats and doorbells (due to the increase in smart home devices), TV wall mounts and TV mounting hardware (due to the popularity of securing televisions to walls), alternative storm protection devices and hardware, and mailbox keys. Deleted item: intercom.

2) Purchase Price: There were revision to Paragraphs 2(a) and 2(e).  In Paragraph 2(a), it increased the length of lines for email address of escrow agent to accommodate longer entries per numerous requests; and in Paragraph 2(e), removed capital and bold lettering for the word Collected here and wherever the word Collected/Collection appears in the contract, as these terms are no longer new.

Florida Consumer Lawyers also owns and operates Unity One Title and handles all types of residential and commercial real estate transactions. Don't trust your sale or purchase to a non-lawyer. Call us today. 

Stay tuned for part 2.

About the Author

Sami Thalji

Sami Thalji is a native Floridian, born in Clearwater and raised in St. Petersburg, Florida. Sami graduated from Osceola High School in Seminole, Florida before attending and receiving both his Bachelor of Science and Juris Doctor from the University of Florida in Ga...

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