CHAPTER 2. Default on Real Property Purchase Contract

Chapter 2 added by Stats. 1977, Ch. 198.

§§ 1675–1681 · 7 sections

• § 1675 (a) As used in this section, “residential property” means real property primarily consisting of a dwelling that meets both of the following requirements: (1)…
• § 1676 Except as provided in Section 1675, a provision in a contract to purchase and sell real property liquidating the damages to the seller if the buyer fails to…
• § 1677 A provision in a contract to purchase and sell real property liquidating the damages to the seller if the buyer fails to complete the purchase of the property…
• § 1678 If more than one payment made by the buyer is to constitute liquidated damages under Section 1675, the amount of any payment after the first payment is valid…
• § 1679 This chapter applies only to a provision for liquidated damages to the seller if the buyer fails to complete the purchase of real property. The validity of any…
• § 1680 Nothing in this chapter affects any right a party to a contract for the purchase and sale of real property may have to obtain specific performance.
• § 1681 This chapter does not apply to real property sales contracts as defined in Section 2985.