Agreement of Sale to be Updated July 1

Beginning July 1, all of the agreements should have the following elements to them, where applicable: fixtures and personal property, inspection limitations and reports and the Internet of Things and recordings.

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COVID-19 Addendum Available for Use

The COVID-19 Addendum to the Agreement of Sale can be used to modify the terms of the sales agreement in the event third-party services become unavailable or so limited that meeting deadlines in the sales agreement are impossible or impractical.

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Do I Really Need to Disclose That?

Remember that more disclosure is usually better than less disclosure, and that disclosing items during a transaction is likely to be less risky (and far less expensive) than explaining the lack of disclosure in a deposition after the transaction.

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Inspection Contingency Review

No form in the PAR library is amended as frequently as the Standard Agreement for the Sale of Real Estate, Form ASR. Several of the most recent changes were made […]

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