Viceroy Brickell Miami Deposit Guide
Know when your funds are needed before you choose a home. A Viceroy Brickell Miami deposit schedule should be reviewed against the proposed contract for the individual residence, with each amount and deadline clearly identified.
Deposit Payment Structure
The Viceroy Brickell deposit payment structure is outlined below. Each payment is expressed as a percentage of the purchase price.
| Payment milestone | Percentage of purchase price |
|---|---|
| At contract | 20% |
| 90 days | 10% |
| At closing | 70% |
Confirm the exact payment deadlines, including the start date for the 90-day milestone, in the purchase agreement for your residence.
Request residence-specific deposit terms
Start with a dated payment schedule
Ask for the current purchase price and a written schedule showing the initial payment, any later payments and the balance due at closing. Confirm whether amounts are expressed as percentages or dollar figures and what event triggers each due date.
A deposit is a payment toward a proposed purchase under the relevant agreement. Its treatment, including any refund rights or conditions, depends on that agreement. This guide helps organize questions; your attorney should review the legal terms.
Questions to resolve before moving money
- What amount is due, and on what date or contractual milestone?
- Who holds the funds, and what receipt or acknowledgment is provided?
- How are payments credited toward the price at closing?
- What conditions govern cancellation, refundability or default?
- What happens if financing or the anticipated closing schedule changes?
Build a timeline around the actual contract
- Identify the residence. Match its number and price to the documents you receive.
- Review payment milestones. Put exact deadlines beside each amount.
- Coordinate your funding. Discuss financing, transfers and closing estimates with the appropriate professionals.
- Keep written confirmations. Retain the executed documents, receipts and any amendments.
Use the purchase cost guide to separate deposits from other expenses. Association charges, taxes, financing costs and closing charges need their own estimates.
Does every buyer follow the same schedule?
Do not assume so. Terms can vary with the transaction, residence and written offer. A general marketing schedule should never replace the schedule in the documents for your purchase.
Make the next conversation precise
Send us the layout you are considering and your intended purchase timing. We can help you request the payment information to review with your advisers. If you are still comparing homes, start with the layout comparison first.