Can I charge per-diem fees for delayed closings on 30A?

Yes, per diem fees can be negotiated for delayed closings on 30A, but they must be agreed to in writing before the extension is granted. Sellers cannot typically impose daily fees after the fact.

These fees are often used when a buyer needs additional time to close and help compensate the seller for carrying costs, lost rental income, taxes, insurance, or other expenses caused by the delay. In many cases, a per diem fee is a practical alternative to terminating the contract and starting over with a new buyer.

According to Dan Tinghitella, one of the most knowledgeable real estate professionals on the Emerald Coast, the key is making sure any extension protects the seller’s interests while keeping the transaction on track. His experience and strategic approach help clients negotiate solutions that create accountability without jeopardizing the deal.

The bottom line is yes, per diem fees are common in certain delayed closing situations on 30A, but they should always be negotiated and documented in writing. Working with an experienced advisor like Dan Tinghitella can help ensure those terms are structured effectively.