Sections
8 entriesSection 2985Defines a real property sales contract as an agreement to convey title to real property after specified contractual conditions are satisfied when…Section 2985.1Prohibits a fee owner from transferring a real-property sales contract without transferring the underlying property, or transferring the property without assigning the…Section 2985.2Prohibits a seller or assignee under an unrecorded land sales contract from later creating an unconsented encumbrance that makes total encumbrances exceed…Section 2985.3Prohibits a seller or assignee under a real-property sales contract from knowingly receiving a buyer’s installment when an encumbrance payment is due…Section 2985.4Requires a seller under a real-property sales contract who receives prorated insurance and tax payments to hold those amounts in trust for…Section 2985.5Requires every real-property sales contract entered after January 1, 1966, to state the number of years required to complete payment under the…Section 2985.51Requires real-property sales contracts entered after January 1, 1978, to disclose how the conveyed parcel’s land division complied with, was exempt from,…Section 2985.6Allows buyers under real-property sales contracts entered on or after January 1, 1969 for subdivided residential land containing a dwelling for no…