Your contracts may increase your Y2K risk

Article Abstract:

Real estate practitioners face increased liability from contracts as a result of the year 2000 date conversion problem. Potential liability could arise if a contract either implicitly expresses that a product or service is year 2000 compliant or fails to disclose that it is since it could mean an implicit warranty. It is important, therefore, to include disclosure information to existing contract forms or make a separate disclosure form that covers all issues relating to the year 2000 date change problem.

Analysis, Planning, Column, Real estate industry, Year 2000 transition (Computers), Liability (Law), Legal liability

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Contract clauses: friend or foe?

Article Abstract:

A well-written sales contract can facilitate a closing, but a badly written one could lead to court action. An overview of the pitfalls that could be encountered with an inadequate contract is presented.

House buying, Home buying

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New reasons for sale-leasebacks

Article Abstract:

The advantages and disadvantages of sale-leaseback transactions are presented.

Evaluation, Sale-leaseback transactions, Sale and leaseback

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