Which dates in a Miami preconstruction contract can you not miss?

Eight dates matter, and only two of them are chosen by the buyer. The 15 day cancellation right under section 718.503 of the Florida Statutes, which runs from signing or from receipt of the condominium documents, whichever is later, and ends with the deposit no longer refundable on that ground. The deposit milestones the contract sets, usually at contract, at groundbreaking, at top-off and at closing, each a date or an event on which money moves to escrow. The title objection window, a number of days after the title commitment arrives. The outside date, the last day the developer may deliver before the buyer gains a remedy. The closing notice, a number of days the developer must give before it calls the closing. The walk-through, inside that notice. The lender's commitment expiry, when there is a lender. And after the deed, the first assessment, the homestead filing and the tax bill. A buyer writes all eight into one calendar on the day of signing and reads the contract for the words that define each.

The first is the statute's. A buyer from a developer may cancel within 15 days after signing the purchase agreement or after receiving the prospectus and the condominium documents, whichever is later, and the deposit comes back. A buyer from an owner on a resale has three business days instead. The date is counted from receipt, so the file holds the receipt with the date on it. The second clock is the contract's own: a reservation is cancellable until it becomes a contract, and a contract is not cancellable after the 15 days except on the grounds it names, which is why the reservation stage is where a buyer reads the documents, not after. Read when a Miami preconstruction reservation becomes binding, deposit forfeiture if you walk away and the rescission period at Cipriani.

On the schedule the purchase agreement sets, which is a mix of dates and events. Four Seasons Private Residences Coconut Grove publishes its first two stages on the fact sheet, 20 percent at contract and 20 percent at groundbreaking, with the balance per the agreement; most developers publish nothing and hand the schedule across at the gallery, where the desk reads it. Each stage is a date the buyer must fund or an event the developer must give notice of, and the contract says how many days the buyer has after notice; a missed stage is a default, and the cure period, if there is one, is in the same clause. The deposits sit in escrow under section 718.202, with the developer's right, where the contract allows it, to use the part above the statute's 10 percent for construction, and the escrow agreement in the documents names the agent. Read the deposit schedule at Four Seasons Grove, pre-construction deposit schedule explained and where your deposit actually sits.

The outside date is the last day by which the developer must complete the home, and the one date on which the buyer has a remedy if the building is late; the estimated date in the brochure is not it. The contract names the outside date, the events that extend it, usually force majeure and permitting, and what the buyer may do when it passes, often a right to cancel and recover the deposit within a window the contract also sets. The closing notice is the developer's: a number of days before the closing it calls, with the certificate of occupancy in hand, after which the buyer brings the balance. The walk-through sits inside that notice, with the punch list the contract says the developer will address after closing, not before. Cipriani Residences Miami publishes delivery summer 2027 after topping off in July 2026, and Cassia estimated completion first quarter 2027; a buyer in either reads the outside date against those. Read delivery timelines and how they slip, mortgage when a Miami preconstruction closing is delayed and documents before closing on a new Miami condo.

The title commitment arrives before closing with a schedule of exceptions, and the contract gives the buyer a number of days to object in writing; silence accepts the exceptions, which is why the commitment is read the day it arrives. Read owner's title insurance on a new Miami condo. A lender adds its own: the application date, the appraisal, the commitment and its expiry, the rate lock and its expiry, and the three business days the Closing Disclosure must sit with the borrower before the closing. None of those moves the outside date, and a developer contract with no financing contingency closes on the developer's date whether the loan is ready or not. Read cash or mortgage for Miami pre-construction and what to ask before you wire.

Three that cost money if missed. The first assessment, due to the association on the schedule the budget sets, often prorated at closing on the closing statement and then monthly or quarterly. The homestead filing, which a buyer who will live in the home as their permanent residence makes with the county property appraiser by March 1 of the year after they occupy it, or the exemption waits a year. And the tax bill, which arrives in November with a discount for early payment and resets to the sale price in the first full year. Read why property tax resets when you buy a Miami condo, the first year of owning a Miami condo and what a Miami closing costs. The desk writes the eight dates into one calendar with the buyer on the day of signing; the contract's words on each one are counsel's to read.