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A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...
The homestead exemption in Florida may refer to three different types of homestead exemptions under Florida law: exemption from forced sale before and at death per Art. X, Section 4(a)-(b) of the Florida Constitution; restrictions on devise and alienation, Art. X, Section 4(c) of the Florida Constitution; and exemption from taxation per Art ...
Section 341a of the Act (codified in Title 12, U.S. Code, Section 1701j-3) makes the enforceability of due-on-sale provisions a federal issue and provides that if real estate loan documents contain a due-on-sale provision, that provision is enforceable if the property securing the loan is transferred without the lender's consent. Institutional ...
Building contingencies into the contract: Most real estate contracts have contingencies that give sellers cause to back out. For instance, the seller may say they will only sell their property if ...
Even if terms included in a contract are deemed to be exclusion or exemption clauses, various jurisdictions have enacted statutory controls, to limit their effect. Under the Australian Consumer Law , section 64 limits exclusion clauses from rendering them from being ineffective against the guarantees of the same act.
Commercial real estate has beaten the stock market for 25 years — here's how savvy investors can become the landlord of Walmart, Whole Foods or Kroger Car insurance premiums in America are ...
If any owner or real estate agent sells land or a residence near one of these sites to foreign nationals covered by the measure, they face fines if convicted from $500 to $15,000.
The promise must be real and unconditional. This doctrine rarely invalidates contracts; it is a fundamental doctrine in contract law that courts should try to enforce contracts whenever possible. Accordingly, courts will often read implied-in-fact or implied-in-law terms into the contract, placing duties on the promisor.