Legal Question in Real Estate Law in Massachusetts
what is time limit for signing of a purchase and sale agreement
what is the time limit for the signing of a purchase and sale agreement on a condo residence?
Asked on 12/20/03, 12:04 am
2 Answers from Attorneys
Alan Pransky
Law Office of Alan J. Pransky
Re: what is time limit for signing of a purchase and sale agreement
The parties usually specify the time limit in the offer. It is whatever the parties agree upon.
Answered on 12/20/03, 7:22 am
Re: what is time limit for signing of a purchase and sale agreement
The time limit is usually stated in the initial offer and the offer should state that time is of teh essence. As a general rule it is a period that is agreed between the parties.
Answered on 12/20/03, 10:45 am
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