In Florida, signing a pre-construction contract is not the point of no return. The law gives you 15 days to walk away. At Delano Residences & Hotel Miami, here is how that right works.
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Florida Statute 718.202 gives the buyer of a pre-construction condominium 15 days after signing the purchase agreement to rescind it, for any reason or none. The developer must hold the buyer’s deposits during this period, and if the buyer cancels in time, every dollar comes back. No penalty, no explanation required.
The Delano Residences & Hotel Miami dossier holds the developer’s published record. Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
The 15 days run from the buyer’s execution of the agreement, but the right depends on the developer having delivered the required disclosure documents: the declaration, articles, bylaws, estimated budget, and the other 718.503 disclosures. If the developer has not delivered them, the buyer’s rescission right stays open. Count the days from a complete delivery, not from the sales gallery visit.
Rescission must be delivered in writing to the developer within the 15 days, in the manner the contract specifies. Email alone may not satisfy the contract’s notice provision; follow the stated method and keep proof of delivery. A lawyer or the desk confirms the notice landed before the deadline expires. After the period closes, the contract is binding and the deposits are committed to the schedule.
Confirm the rescission clock for this contract: when it started, what was delivered, and the exact notice method. The desk checks it before the ink is dry.
Fifteen days is a right. Use it to read.
Developer materials for Delano Residences & Hotel Miami as carried on the live dossier, verified 2026-09-19. Compiled by the desk at Miami Dossier; figures are approximate and the developer’s.
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We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. On this topic that means the document before the opinion. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
The Miami Dossier team works for the buyer, not the developer. Every agent on Samuel Strauch’s team represents buyers in Miami pre-construction.
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