Please reference this corrected summary of the June Forms Update:
The Standard Forms Committee Has Updated Two Forms in Its June 2021 Release:
1) Termination of Contract
2) General Information for Buyers and Sellers (Disclosures and Disclaimers Advisory)
Termination of Contract
- Form name changed from Termination of Agreement and Release of Deposit to Termination of Contract
- New advisory added as the first page. Any client (Buyer or Seller) who may be considering terminating a contract should consult with a qualified real estate attorney prior to acting.
- Restructured into 3 sections
- Reasons for Terminating (Other than Mutual Consent)
- Termination by Mutual Agreement
- Cancellation of Escrow Instructions and Release of Deposit
General Information for Buyers and Sellers (Disclosures and Disclaimers Advisory)
The following sections have been updated:
- CRIME (Section 14)
- RENT and EVICTION CONTROL ORDINANCE (Section 27)
- APARTMENT LICENSE FEES AND RENT ORDINANCE FEES (Section 29)
- All URL links were updated throughout the document.
You can read a more detailed list of the changes and see the new versions in this UPDATED PDF here.
These revised forms are now live!
Questions? Contact This email address is being protected from spambots. You need JavaScript enabled to view it..
The Standard Forms Committee Has Updated Two Forms in Its June 2021 Release:
1) Termination of Contract
2) General Information for Buyers and Sellers (Disclosures and Disclaimers Advisory)
Termination of Contract
- Form name changed from Termination of Agreement and Release of Deposit to Termination of Contract
- New advisory added as the first page. Any client (Buyer or Seller) who may be considering terminating a contract should consult with a qualified real estate attorney prior to acting.
- Restructured into 3 sections
- Reasons for Terminating (Other than Mutual Consent)
- Termination by Mutual Agreement
- Cancellation of Escrow Instructions and Release of Deposit
General Information for Buyers and Sellers (Disclosures and Disclaimers Advisory)
The following sections have been updated:
- CRIME (Section 14)
- RENT and EVICTION CONTROL ORDINANCE (Section 27)
- APARTMENT LICENSE FEES AND RENT ORDINANCE FEES (Section 29)
- All URL links were updated throughout the document.
You can read a more detailed list of the changes and see the new versions in this UPDATED PDF here.
These revised forms are now live!
Questions? Contact This email address is being protected from spambots. You need JavaScript enabled to view it..
