California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 14 — Lien, Chapter 2c — Real Property Sales Contracts, Section 2985

(a) A real property sales contract is an agreement in which one party agrees to convey title to real property to another party upon the satisfaction of specified conditions set forth in the contract and that does not require conveyance of title within one year from the date of formation of the contract.

(b) For purposes of this chapter only, a real property sales contract does not include a contract for purchase of an attached residential condominium unit entered into pursuant to a conditional public report issued by the Bureau of Real Estate pursuant to Section 11018.12 of the Business and Professions Code.

Notes

Defines a real property sales contract as an agreement to convey title to real property after specified contractual conditions are satisfied when title need not be conveyed within one year after formation. Excludes, for this chapter, a contract to purchase an attached residential condominium unit entered under a conditional public report issued under the referenced law.

Use as reference

Lexinter.net | California Code, Civil Code - CIV § 2985 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-14/chapter-2c/section-2985

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