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Important Tips for Completing a Residential Contract for Sale and Purchase – Part 18: Standards For Real Estate Transactions

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Important Tips for Completing a Residential Contract for Sale and Purchase – Part 18: Standards For Real Estate Transactions

January 28, 2016
Tanishia Stokes
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Time

Part F of Section 18 discusses the time of the Contract. The section states that Calendar days will be used to calculate all time periods within the Contract. Time is of the essence in this Contract. All time periods specified in the Contract, with the exception of the time for acceptance and the Effective date, will extend to 5:00pm of the next business day at the location of the property if a time period ends on a Saturday, Sunday, or national legal holiday.

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