When Disaster Strikes Before Closing: Understanding Risk of Loss and Force Majeure in the FR/BAR Contracts
July 6, 2026
REALTOR® Association of Sarasota and Manatee
Direct link: https://issuu.com/sarasotarealtors/docs/elevate_magazine_-_rasm_-_july_2026_issue
Florida weather can be unpredictable. Hurricanes, tropical storms, fires, floods, and other casualty events can create unexpected challenges during a real estate transaction. When disaster strikes between signing the contract and closing, two important questions arise: What happens if the property is damaged, and what happens if the transaction cannot close on time?