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SUMMARY:Secondary Sale Contract Provisions
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6697955492888576/lesson/c41937e390f419203e0897cf293ec74f?ref=outlook-calendar
DESCRIPTION: A sale contract may contain numerous additional clauses, depending on the complexity of the transaction. The following are some of the common provisions.
Inspections. The parties agree to inspections and remedial action based on the findings.
Owner's association disclosure. The seller discloses the existence of an association and the obligations it imposes.
Survey. The parties agree to a survey to satisfy financing requirements.
Environmental hazards. The seller notifies the buyer that there may be hazards that could affect the use and value of the property.
Compliance with laws. The seller warrants that there are no undisclosed building codes or zoning violations.
Due-on-sale clause. The parties state their understanding that loans that survive the closing may be called due by the lender. Both parties agree to hold the other party harmless for the consequences of an acceleration.
Seller financing disclosure. The parties agree to comply with the applicable state and local...

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