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Underline Real Estate Sales Contract

Underline Real Estate Sales Contract

Aug 6th, 2022

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How to Underline Real Estate Sales Contract

4.7 out of 5

62 votes

Every autumn, first-year law students learn that land is unique and that the legal system treats it distinctly from other property types. Real estate sales involve two phases: the contract phase and the closing phase, which is when the land is actually transferred. This presentation focuses on the contract phase, detailing the requirements for real estate sale contracts and the seller's fundamental responsibilities. It also discusses remedies for breaches in a land sale contract. To be enforceable, a land sale contract must satisfy the statute of frauds, meaning it must be in writing and signed by the parties. This written contract is separate from the deed used for the actual land transfer.

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