Real Estate Contracts: Legalese or Gobbledygook?
December 23rd, 2008 categories: Real Estate
I love lawyers, some are great friends and clients…but when they talk “Lawyer Language or Legalese“, they speak in a language that is hard for most to decipher. It sounds more like “Gobbledygook”.
Then…they write contracts…contracts that you should be able to understand when you are making the largest purchase of your life. I have studied and dealt with contracts daily for years but am hard pressed at times to explain contract law and the rhetoric used. It should make sense and be in plain language.
A few years back the Toronto Real Estate Board created a consumer-focused web site with a special area where you can view a few of the main contracts that Buyers and Sellers use when they enter into agreements. Each clause of the contract is the explained in “Plain Language” in red followed by the clause.
This is a popular and great tool for potential Buyers and Sellers and there is also other good consumer information in that area. If you are thinking about getting into the market, you should read through them and if you have any further confusion or need clarification, please contact me. I’m happy to help.
