Can a buyer walk away from contract?
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Can a buyer walk away from contract?
The contract says that the buyer has 15 days within which to have inspections done and to furnish written notice to the seller of general repair items that are not in working condition. If the buyer has inspections done but does not supply written notice to buyer and decides that they will walk away, is that legal? I see nothing in the contract that permits this action. It reads to me as they can only walk away if they provide such notice and then the seller declines or fails to rectify.
Asked on March 5, 2016 under Real Estate Law, Florida
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
For a specific answer to your situation, you need to bring the contract to an attorney to review with you, becasue contracts are governed by their precise language and terms. As a general matter, your understanding is typically correct: they should give you the inspection report and opportunity to respond to it (e.g. to repair items) and cannot simply unilterally walk away without providing that opportunity
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