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re: Real Estate Contract Interpretation
Posted on 2/23/15 at 10:32 am to Sigma
Posted on 2/23/15 at 10:32 am to Sigma
I'm not sure if lot deals are different than house deals, but I know with a house sale, there is generally language that stipulates if the condition of the property has changed between contract signing and closing, then the contract can be voided. I would think a retention pond would certainly be a change.
That having been said, if the pond stays within the easement, I'm not sure what your options are.
For 10K of earnest money, I'd spend an hour of legal fees to consult with a real estate attorney.
That having been said, if the pond stays within the easement, I'm not sure what your options are.
For 10K of earnest money, I'd spend an hour of legal fees to consult with a real estate attorney.
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