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Contract for Sale Discussions and Articles



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Contract for Sale Discussions - Page 1
 
rental unit sale
We own a 3 unit rental building. We are trying to sell it and have an offer that asked for a 30 day escrow with vacancy, however in Calif. we must legally give a 60 day notice to the tenants. ( Unfortunately, we did not notice the vacancy clause in th

Maryland Condominium Act
The MCA sets forth two requirements for a condo resale contract to be enforceable: (1) the contract must include a conspicuous notice that the seller is to provide condo documents and disclosures; and (2) the actual furnishing of those documents at

Illinois- Seller wants to cancel contract- Help!
My home is under contract for sale to a builder. He didn't like the first plat of survey and wants another one done. He didn't like the footage on the first one so we ordered a new one. So far, the results haven't come in yet. We were stupid enough t

Illinois Home Contract- want to break.
My home is under contract for sale to a builder. He didn't like the first plat of survey and wants another one done. He didn't like the footage on the first one so we ordered a new one. So far, the results haven't come in yet. We were stupid enough t

bankruptcy v force majeure
A1 sold goods(ie: sneakers) to B. Their contract of sale includes a force majeure clause, w/ no specified events stipuilated. The goods are to be manufactured by A2, a subisidiary of A1. B has been waiting for the goods to be shipped until A2, which

bankruptcy v force majeure
A1 sold goods(ie: sneakers) to B. Their contract of sale includes a force majeure clause, w/ no specified events stipuilated. The goods are to be manufactured by A2, a subisidiary of A1. B has been waiting for the goods to be shipped until A2, which

Complicated Building Contract Question
I have what (I think) is a compilicated building contract question. We are working with a builder/architect to build a house. Here are the key points: 1. The architect/builder owns the lot. 2. The contract stated we would be in default if we reco

FL real estate contract & condo assessment
I have a condo in Miami that is under contract for sale to a woman. The closing date was supposed to be at the end of this month (The contract was approved by the buyer and me in February for $130K.) but last week I found out that the board is going

Statute of Limitations - real estate investment
In 1996 I purchased a 10% interest in a "specific project" from a developer. The city ultimately denied the project but the developer promised my same percentage interest in any new building on the site. Shortly thereafter the developer was sued and

Selling a house without an attorney
I am a Realtor in NY. When I sell a house here, attorneys are involved in the transaction right away. They draw up the contracts, do the title search, act as liason with the mortgage companies, order CO's, surveys, etc. However, I am going to be selli

 


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