What types of real estate contracts are enforceable in court?
In Washington, any real estate contract that follows the Washington State Statutes and other legal requirements is enforceable in court. The two main types of enforceable contracts are purchase agreements and leases. A purchase agreement is the contract that is made by the buyer and seller during the purchase of a property. It will outline the details of the property transfer, such as the purchase price, closing costs, payment schedule, and other contingencies. A lease is a legally binding contract between a landlord and tenant that outlines the terms of their rental agreement. A lease typically includes details such as the rental amount, the length of the lease, a list of any rules or restrictions, and the consequences for breaking the lease. Both a purchase agreement and a lease must be written in accordance with the Washington State Statutes. If a dispute arises, the court will use the written contract as evidence to decide who is liable for any damages or losses that may have occurred. Additionally, it is always important for parties to a real estate contract to seek legal advice to ensure that all of the necessary requirements are met. Proper legal advice can help to avoid future disputes and ensure that all parties are aware of their rights and obligations.
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