Thread: Investor Clause
View Single Post
 
Old 04-01-2020, 06:21 PM
Topspinmo's Avatar
Topspinmo Topspinmo is offline
Sage
Join Date: Dec 2012
Location: Somewhere over the rainbow
Posts: 14,888
Thanks: 7,463
Thanked 6,142 Times in 3,157 Posts
Default

Quote:
Originally Posted by lovebiking View Post
I was told by a sales rep that if I sell my new home within 1 year after closing that any economic profit from the sale belongs to The Villages. Is this enforceable under Florida Real Estate law or any Florida law?
I sure if you have unforeseen emergency it wouldn’t apply. IMO It there to prevent flipping. Which IMO would be problem, IMO prevents premier homes to the flipped for big profit.