What happens if a real estate contract is breached?

In Louisiana, if a real estate contract is breached, the party that has been damaged by the breach can sue the other party for breach of contract. Breach of contract in real estate transactions can be a violation of the terms of the contract, including not fulfilling a duty, such as failing to make timely payments or not making repairs that were promised. When a breach of contract occurs, the non-breaching party has a right to seek damages, including monetary damages, to compensate for losses that have occurred. The non-breaching party also has the right to ask for specific performance, which is an order from a court requiring the other party to fulfill their contractual obligations. In addition, the non-breaching party can file a lawsuit to cancel the contract, commonly referred to as rescission or rescinding the contract. The person seeking damages or remedies for breach of contract must provide evidence that the breach of contract occurred and that they have suffered losses or damages as a result of the breach. If the court rules in favor of the non-breaching party, they may award money damages, often referred to as "liquidated damages," or may order the breaching party to fulfill their obligations under the contract.

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What happens if a real estate contract is breached?

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