Legal Question in Real Estate Law in Utah
I closed on a condominium in Utah in 2012 as an unrepresented buyer. During the process, an addendum was not done in time and the agent for seller stated this was cause for the contract to be nullified and if I wanted to continue with the sale the price would go up by several thousand dollars. I had been communicating with the agent via e-mail and when I stated the contract allowed for written communication to alter the agreement, he stated according to Utah Real Estate Law, it had to be an addendum signed by both parties to be considered written. Is this the case and as a layperson am I required to understand the nuances of Real Estate Law? Also, I think national Real Estate Law allows for e-mail communication, would this affect anything? Thank you.
1 Answer from Attorneys
There is no "national" real estate law. Utah real estate contracts include "time is of the essence" terms - meaning that if the contract is not fulfilled within the specified time period that the contract becomes null and void. Any contract dealing with real estate must be signed by each party to be valid. Your ignorance of the law is no excuse.