If you own a home in a newer subdivision, you are likely a party to a binding contract whether you know it or not. In addition to applicable zoning ordinances and subdivision regulations, most subdivision developments provide for limitations or prohibitions on property uses and establish other requirements and limitations on buildings, fences and other
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Write This Down: Contract Provision Put on Paper Pays Off—Even 3 Years Later
In order to convince their buyers to purchase a water front home site on Lake Nickajack, the listing agents told them would buy the lot back if the buyers ever wanted to sell it. The buyers said they would agree if the agents “would put it in writing” and negotiated a written contract provision that
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