Protecting Florida from Fraudulent Developers
When fraudulent developers and dishonest contractors do not comply with the terms and conditions of their contracts, there are laws in place to protect the rights of consumers. A lawyer who understands the Interstate Land Sales Full Disclosure Act (ILSFDA; found at 15 U.S.C. §§1701 - 1720, and accompanying regulations found at 24 C.F.R. §§1710.11 - 1710.559) can help you make a recovery of your real estate investment. At the Weston law offices of attorney Jonathan Kline, P.A., we protect purchasers of real estate from developer non-compliance.
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Your commercial or residential real estate represents a major investment for your family or business. If a developer has failed to live up to the terms and conditions of your contract, you can take action to make a construction deposit recovery. The rights of consumers are protected under Florida State law and the Interstate Land Sales Full Disclosure Act. At the law offices of Jonathan Kline, we protect clients in both state and federal courts.
Exempt and Non-Exempt Property
When you signed your construction contract, the developer made a decision whether to make your property exempt or non-exempt from the ILSFDA. In some cases, the actions taken by a contractor renders a property as exempt. Either way, you can take action and protect your rights:
- Exempt Property: The first thing we will do is make sure the exemption is proper. It is common for a developer to select a two year exemption, in which case the project must be finished within two years. We will conduct a thorough investigation to make sure that all provisions under the two year exemption have been satisfied.
- Non-Exempt Property: A property report must be provided for all non-exempt property. We will attack any deficiency in the property report in order to seek a full return of your investment. In addition to getting your business or family the refund you deserve, we will make sure you are released from any further contractual duties.
Developer Misrepresentation
You can also take action against a contractor or developer for misrepresentation, the publication of false or misleading information, or fraud. We can also help you take action for the improper use of escrow funds. We will ask that the court impose a constructive trust or equitable lien on the property in order to make sure those funds are used for construction.
Contact Us
The Interstate Land Sales Full Disclosure Act protects the rights of all consumers from developers not complying with the terms of the contract. When the development of your property has been delayed due to misrepresentation, don't be afraid to take action. Located in Weston, our offices are open during weekly business hours and we are available any time by appointment. Do not hesitate to contact us today for a free initial phone consultation.