The Real Deal Miami

Developers get legal win

December 10, 2008 09:50AM

The U.S. Circuit Court of Appeals reversed a lower court decision that
let four buyers out of their contracts in a project by Jensen
Beach-based Pukka Development, offering some encouragement for
developers facing buyers who want out of sales contracts. The Florida
Interstate Land Sales Act, which provides land owners a two-year right
of revocation under certain circumstances, was at the root of the
ruling.