(a) Every contract for the purchase and sale of real estate shall provide that a potential
purchaser or potential purchasers shall be permitted a ten-day (10) period, exclusive
of Saturdays, Sundays, and holidays, to conduct inspections of the property and any
structures thereon before the purchaser(s) becomes obligated under the contract to
purchase. The parties have the right to mutually agree upon a different period of
time; provided, a potential purchaser may waive this right to inspection in writing.
(b) Failure to include the provision required in subsection (a) in the purchase and sale
agreement for real estate does not create any defect in title.
(c) Failure to include in the purchase and sale agreement the provision required in subsection
(a) shall entitle the purchaser to void the purchase and sale agreement by providing
notice, in writing, to the seller prior to the transfer of the title at a closing.
Notes of Decisions
Am. Capital Corp. v. Blixseth, 575 F. Supp. 2d 379 (D.R.I. 2008).
· cites it 2× “Waiver ACC contends that Paragraph 20 of the Agreement precludes the Blixseths from terminating the sale of property, notwithstanding the existence of R.I. Gen. Laws § 5-20.8-4(b)(l). Paragraph 20 provides, in part, that “purchasers hereby waive any right to rescind .”
Am. Capital Corp. v. Blixseth, 563 F. Supp. 2d 316 (D.R.I. 2008).
· cites it 2× “" R.I. Gen. Laws § 5-20.8-4(b)(1). Here, the parties dispute whether historic district zoning is a "deficient condition" at all and, if it is, whether it is a "materially deficient condition" as a matter of law.”
— R.I. Gen. Laws § 5-20.8-4(b)(1) — 1 case
Am. Capital Corp. v. Blixseth, 563 F. Supp. 2d 316 (D.R.I. 2008).
“" R.I. Gen. Laws § 5-20.8-4(b)(1). Here, the parties dispute whether historic district zoning is a "deficient condition" at all and, if it is, whether it is a "materially deficient condition" as a matter of law.”
— R.I. Gen. Laws § 5-20.8-4(b)(l) — 1 case
Am. Capital Corp. v. Blixseth, 575 F. Supp. 2d 379 (D.R.I. 2008).
“Waiver ACC contends that Paragraph 20 of the Agreement precludes the Blixseths from terminating the sale of property, notwithstanding the existence of R.I. Gen. Laws § 5-20.8-4(b)(l). Paragraph 20 provides, in part, that “purchasers hereby waive any right to rescind .”
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