Over the years, I have represented many clients in breach of real estate purchase contract cases. I have represented sellers who did not want to sell, buyers who did not want to buy, buyers who wanted to buy with sellers who refused to sell, and a buyer who was sued for not buying because he exercised his right to rescind due to a fire prior to closing.
A jury decided the buyer of an Opa-locka warehouse was not obligated to pay a commission that the seller had promised a real estate agent in a prior. The company sued whidad for breach of contract.
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3 Breach of real estate contract remedies 4 5 Ways to Terminate a Contract When you sign a contract with a buyer, it’s reasonable to expect that the buyer will fulfill his responsibilities just as.
A contract is a legally-binding agreement which recognises and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of the law. An agreement typically involves the exchange of goods, services, money, or promises of any of those.
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I have been fielding a lot of questions lately from buyers, sellers, and Realtors that deal with contracting at its most fundamental level, so I thought I’d put together an article on the basics of the real estate contract. Offer and acceptance The essence of a real estate contract is offer and acceptance.
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· Caveat Emptor: “Let The Buyer Beware” Caveat Emptor is an old common law rule which means “Let the Buyer Beware.” In plain English, it means that home buyers are on their own when it comes to the condition of the property.
· This post is a continuation of my discussion about the recent Massachusetts Appeals Court case of NRT New England, Inc. v. Moncure (click for link). Last week I talked about why the decision was very important in upholding the standard liquidated damages clause in the the typical purchase and sale agreement.. This week I’ll talk about the court’s ruling that the listing broker.
And the transaction became official after a lengthy legal battle with seller PGIM Real Estate, who sued Thor in 2016 over an.