No vendor or lessor of a single family residential property shall contract for or exact any fee in excess of ten dollars ($10) for the act of signing and delivering a document in connection with the transfer, cancellation or reconveyance of any title or instrument at the time the buyer or lessee exercises an option to buy, or completes performance of the contract for the sale of, the property.

The provisions of this section shall apply prospectively only.

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Terms Used In California Civil Code 1097

  • Contract: A legal written agreement that becomes binding when signed.
  • property: includes property real and personal. See California Civil Code 14

(Added by Stats. 1965, Ch. 352.)

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