pre-construction contracts

What You Should Know About Pre-construction Agreements

What You Should Know About Pre-construction Agreements

The following are the most important elements that every investor/buyer should know regarding this type of contract: 1. They are Unilateral Contracts. The developer drafts the contract and sets all the rules. The purchaser isn't entitled to make any changes. This is also known as a contract of adhesion. 2. Rescission Period. The buyer has fifteen (15) calendar days starting from the date the...

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