{
  "url": "sellingrealestateflorida.com/faq/what-is-the-typical-deposit-structure-for-a-new-construction-condominium-in-flor",
  "name": "What is the typical deposit structure for a new construction condominium in Florida?",
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      "name": "What is the typical deposit structure for a new construction condominium in Florida?",
      "@type": "Question",
      "acceptedAnswer": {
        "text": "For new construction condominiums in Florida, particularly in high-demand areas like Miami or Fort Lauderdale, the deposit structure typically involves several stages. An initial reservation deposit, usually 10-20% of the purchase price, is made upon contract signing. Subsequent deposits, often an additional 10-20% at various construction milestones, are common. It's crucial to understand the full deposit schedule, as these funds are often non-refundable after certain periods or events.",
        "@type": "Answer",
        "description": "New construction condo deposits in Florida usually start with 10-20% at contract, followed by additional deposits at construction milestones. These funds are often non-refundable."
      }
    }
  ],
  "description": "New construction condo deposits in Florida usually start with 10-20% at contract, followed by additional deposits at construction milestones. These funds are of"
}