California Civil Code 2985.5 – Every real property sales contract entered into after January 1, …
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Every real property sales contract entered into after January 1, 1966, shall contain a statement of:
(a) The number of years required to complete payment in accordance with the terms of the contract.
Terms Used In California Civil Code 2985.5
- 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.
(b) The basis upon which the tax estimate is made.
(Added by Stats. 1965, Ch. 1214.)