Real Estate Division
In-depth analysis and insights on the commercial real estate market, with a give consideration to multifamily, office, industrial, and retail properties. Sections forty seven.2 [transition — duties if task of pre-existing purchase agreement] and 47.three [transition — if no info or data collected]. This part doesn’t apply to a purchaser who isn’t entitled to obtain a disclosure statement under this Act. If a developer is served with a discover of rescission that complies with the requirements of subsections to , the developer should instantly inform the individual who is holding the purchaser’s deposit underneath section 18. Despite section 4 of the Electronic Transactions Act, a developer might provide a duplicate of a disclosure statement by digital means only with the written consent of the purchaser.
- If a developer is served with a discover of rescission that complies with the requirements of subsections to , the developer should