How Can You Get Out of a Real Estate Contract in Rhode Island?

This question is about Rhode Island Real Estate Purchase Agreement

According to Rhode Island law (§ 5-20.8-2), a buyer can get out of a real estate contract if the seller does not provide them with a completed Real Estate Sales Disclosure prior to agreeing to the transfer of ownership. Moreover, you can get out of a real estate contract if the agreement includes valid contingencies such as inspection, financing, appraisal, or title and those contingencies are not satisfied or are properly exercised within the required time limits, giving you a contractual right to terminate. You also may cancel if the seller materially breaches the contract or fails to comply with required property condition disclosure obligations.

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The information for this answer was found on our Rhode Island Real Estate Purchase Agreement answers.