As very active real estate attorneys in Los Angeles, we frequently find ourselves litigating purchase and sale contracts. These disputes necessarily involve an element of contract interpretation –even when the parties use the standard form California Association of...
What is the function of escrow? When do you typically use an escrow? The function of escrow is essentially to have a neutral place where the parties to a purchase and sale agreement deposit documents, money, and other miscellaneous items. This is done through a third...
After a entering into a residential income property purchase agreement (as set forth in C.A.R. Form RIPA), a buyer retains substantial ability to cancel the agreement without the cancellation being deemed a breach of the agreement. Smart buyers will want to make sure...
Ownership disputes among non-married couples are quite common. These types of disputes typically lead to quiet title claims or partition claims depending on how the parties hold title. There are several important things to consider when buying a house with a...
As Los Angeles based real estate lawyers we feel that we have litigated nearly every part of the commonly used residential purchase and sale agreement published by the California Association of Realtors. We have seen disputes involving disclosures, non-disclosure, tax...
Many purchase and sale agreements in California contain liquidated damages provisions. To avoid uncertainty and litigation if a default occurs in a contract for the sale of real property, the parties to a contract may use a liquidated damages clause to determine the...
