Real Estate Contracts and Agreements
Poorly written contract cost both sellers and buyers money. Real estate contracts set out the terms between sellers and buyers. The parties must understand the meaning and legal repercussions of relevant contract provisions such as “liquidated damages clauses” and “contingency clauses.”
- REAL ESTATE LEGAL GUIDE FOR THE HOME SELLER
- » General Legal Rights and Obligations of a Home Seller
- » Selling a Home that Is Foreclosed
- » Selling a Timeshare: The Legal Aspect
- » Flipping a Home: The Legal Aspect
- » The Real Estate Agent Rights and Obligations
- » Legal Mistakes During a Home Sale Process
- » Home Selling and Disclosure Requirements
- » Inheritance Legal Issues Involved with Real Estate
- » Title Issues Involved in Real Estate Transactions
- ⇒ Real Estate Contracts and Agreements
- » Resolving Real Estate Disputes through Alternative Dispute Resolution
- » Real Estate Lawyers: What They Do For A Seller
Backing Out of a Real Estate DealNot all real estate deals are final when the parties sign the agreement. There are various reasons why parties may need to back out of a real estate deal, but there may be some consequences of doing so.
Read more- Basic Requirements in Rent-to-Own Agreements
A rent-to-own agreement is an effective alternative for a person without sufficient resources to purchase a home. However, certain provisions should be included in these agreements to protect the interests of the parties.
Read more - Creating Enforceable Liquidated Damage Clauses in Real Estate Contracts
Liquidated damages provisions are useful when it is difficult to calculate an exact amount of damages stemming from a breach of contract. These are often included in real estate contracts.
Read more - Specific Performance in Contracts - When Can I Request it?
In some cases, money damages are not an adequate remedy. There are some times when it is preferable for the court to order the contract be carried out. Here is what you need to know about this issue.
Read more - When Specific Performance May be Ordered in a Real Estate Transaction
Money damages are not always an adequate remedy. There are some times when it is preferable for the court to order the contract be carried out. This is when "specific performance" may be ordered.
Read more - When Letters of Intent Become Part of Contract Litigation
Letters of intent may form an important aspect of a contract. They may also form the basis for litigation.
Read more - Gross Negligence in Real Estate Property Contracts
Real estate contracts may rise to the level of gross negligence in rare occasions.
Read more - What Is an Estoppel Letter in a Real Estate Contract?
When someone is properly performing due diligence in real estate deals before a contract is signed, an estoppel may be discovered at some point. Understanding what this procedure is and how it affects property deals and arrangements is important to ensure a real estate contract and conditions are taken care of appropriately.
Read more - Neighbor Asked for an Easement - Do I Have to Agree?
Easements involving neighbors usually require an agreement between the two parties that becomes legally binding through a type of contract that the owner of the property will work out with the other party. There are times when the neighbor can seek a legal remedy for certain complications with the land and attempt to force the property owner into the easement.
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