A disclosureis a statement or attachment to a purchase agreement that reveals information about the property. A disclosure form is usually mentioned if required by local, state… See more

An addendumis commonly attached to a purchase agreement to detail a contingency in the agreement. A contingency is a condition that must be met, or the terms of the entire a… See more

Buyer beware, or “caveat emptor,” is a term used when the laws in the state do not require the seller to mention the material defects on the property. Therefore, the buyer purc… See more

Unless the buyer or seller breaches or fails to perform under the purchase agreement, it cannot be canceled unless both buyer and seller agree. Most purchase agreement… See more