What is a day?

[alligatorob]

Florida

In a real estate contract that has a 10 day limit for things like applying for a loan or getting inspections how is this interpreted? 10 business days or 10 calendar days? The contract is not specific, it just says 10 days.

 

[TIMMAAYY]

Florida

In a real estate contract that has a 10 day limit for things like applying for a loan or getting inspections how is this interpreted? 10 business days or 10 calendar days? The contract is not specific, it just says 10 days.

10 calendar days, ending at 11:59pm on the day of the final date.

 

[HomeGuru]

Florida

In a real estate contract that has a 10 day limit for things like applying for a loan or getting inspections how is this interpreted? 10 business days or 10 calendar days? The contract is not specific, it just says 10 days.

**A: post the contract.

 

[alligatorob]

post the contract

Here is one example:

"Within ten days after the effective date of this contract Buyer shall apply for all financing or noteholder's approval of any assumption and make every reasonable effort to obtain financing or assumption approval."

However the contract does not define calendar vs business days. So my question is how would a court in Florida likely interpret this, calendar or business days.

Thanks!

 

[justalayman]

don't know how Florida courts would interpret but in my days of selling RE, unless specified as business days, it was calender days.

that is why it was specified in the contracts I wrote.

 

[HomeGuru]

Here is one example:

"Within ten days after the effective date of this contract Buyer shall apply for all financing or noteholder's approval of any assumption and make every reasonable effort to obtain financing or assumption approval."

However the contract does not define calendar vs business days. So my question is how would a court in Florida likely interpret this, calendar or business days.

Thanks!

**A: I would say that it should be business days as local lenders such as banks do not work on weekends.