Right To Rescind
When signing a purchase agreement for property in the state of Florida should there be a document that explains that the purchaser has a certain number of days to back out of the agreement?
2 Answers from Attorneys
Re: Right To Rescind
There is no statutory right to have a clause like this; you would have to negotiate for it.
Re: Right To Rescind
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There is no requirement to have such a clause and it would not be common. It should only be included if that is what the parties bargained for and agreed to.
Scott R. Jay, Esq.
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