Land Contract Delete Required Fields For Free

As discussed above, a purchase agreement should contain buyer and seller information, a legal description of the property, closing dates, earnest money deposit amounts, contingencies and other important information for the sale.

A null and void contract is a formal agreement that is illegitimate and, thus, unenforceable from the moment it was created. Such a contract never comes into effect because it misses essential elements of a properly designed legal contract or violates contract laws altogether.

A void contract has no legal force. It is missing an essential element, and thus it is not a contract. For example, a contract to kill would be void, because it has an illegal purpose. You do not have the option to kill somebody!

Generally, someone else cannot remove you from title without your consent and/or knowledge. You should speak to a local real estate attorney to see how to return your name to title and how it was removed in the first place.

If the seller is the party refusing to complete the transaction, the buyer can seek specific performance.The courts may order the seller to pay for any money the buyer lost as a result of the failed transaction, including mortgage application fees or appraisal and inspection costs.

A big disadvantage for sellers who participate in a land contract is that they have to wait for the buyer to pay off the home over a certain number of years.A balloon payment might be included so that a buyer has to pay off the balance within a shorter amount of time.

You can quote the violations of contract in the court and make them a ground for eviction. There are only two ways of evicting a tenant - once the lease agreement is over or when the landlord terminates the lease by sending a legal notice under section 106 of the Transfer of Property Act.