Ask Question
27 January, 02:53

If an offer was made on a house in which the buyer intended to have a hair salon in the basement, but found out a few days prior to closing that the zoning wouldn't allow it, can they cancel the agreement without penalty?

+2
Answers (1)
  1. 27 January, 03:31
    0
    Yes, but only if they terminate in writing prior to the Record Title Objection Deadline

    Explanation:

    Zoning is a matter of Title. Buyers have the right to terminate the contact without penalty if any aspect of Title is unsatisfactory to them. However, they must due so in writing prior to either the Off-Record Title Objection Deadline or the Record Title Objection Deadline.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If an offer was made on a house in which the buyer intended to have a hair salon in the basement, but found out a few days prior to closing ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers