Florida Contractors Must Meet Requirements When Receiving Owner Funds

1. Florida property owners may not always understand the construction process or how money is used in the process.
2. The Florida legislature has enacted laws to protect property owners from unscrupulous contractors.
3. Section 489.126 of the Florida Statutes outlines the obligations and responsibilities of contractors when they receive money from a residential property owner.
4. Contractors must apply for necessary permits within 30 days and start the work within 90 days of permit issuance when they receive more than 10% of the contract price.
5. Contractors and property owners can agree to a longer time to start the work for more complicated projects.
6. A contractor who receives money for a project cannot fail to perform any work for a 90-day period without risking discipline under their license. – The contractor received money for the work, which exceeded the value of the work performed.
– The contractor failed to perform any work for a 60-day period.
– The failure to perform the work was not due to the owner’s termination of the contract or a material breach of the contract by the owner.
– The contractor failed to recommence construction within 30 days after notification was sent.

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