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Category Archives: REDMA

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Fundamental Breach and the Sale of Real Property: Timing is Everything

Posted in Development, REDMA
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Many land developers arrange to sell lots in a proposed development before the subdivision is completed.  The vendor benefits from the promise of confirmed future sales and non-refundable deposits.  Purchasers benefit from lower prices for purchasing early.  However, what happens if the land development is delayed.  Can a purchaser get a non-refundable deposit back? The… Continue Reading