California Business and Professions Code 11200 – Every sales contract relating to the purchase of real property in a …
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Every sales contract relating to the purchase of real property in a subdivision as defined in this chapter shall clearly set forth the legal description of the property, of the encumbrances outstanding at the date of the sales contract, and the terms of the contract.
(Added by Stats. 1960, 1st Ex. Sess., Ch. 79.)
Terms Used In California Business and Professions Code 11200
- Contract: A legal written agreement that becomes binding when signed.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Subdivision: means a subdivision of the section in which that term occurs, unless some other section is expressly mentioned. See California Business and Professions Code 15