Property Management
Under Florida's Chapter 83, a residential tenant who discovers that a serious building code violation exists that materially affects the health, safety, or habitability of their unit may:
AImmediately stop paying rent without further notice
BGive written notice to the landlord and, if the violation is not corrected within 7 days, terminate the rental agreement✓ Correct
CSue the landlord for damages without providing prior notice
DWithhold 50% of the rent until repairs are made
Explanation
Florida law (F.S.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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