8 - Contacts And Leases

Question 1

The provision is a real estate sales agreement that obligates the seller to repair a leaking basement within a specific time period after the contract closes is referred to as a:

Answer 1

Survival Clause

Question 2

The parties crossed out some words on the preprinted contract forms, inserting some new language… what should you do to make sure it’s clear:

Answer 2

Have both parties sign or initial in the margin near each change, including the date and time