Legal Question in Real Estate Law in New York

Real Estate. Seller has signed prelinary papers with intents to sell> However he has decided not to sell. Is there a time frme for him to decline the deal?


Asked on 4/25/14, 1:53 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

I do not know what the preliminary papers are, and may need a better description of what they are to properly answer your question. Traditionally either party to a contract can terminate the deal within the attorney review period, usually 3 days after contract is completed. The documents may specify other time limits or reasons, so all documents need to be reviewed for a complete answer.

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Answered on 4/25/14, 1:58 pm


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