What Is A Notice To Perform?

A Notice to Perform is a real estate tool designed to make buyers stick to agreed upon deadlines that are defined in the real estate purchase agreement. Sellers can issue a notice if a deadline passes and buyers haven’t taken the agreed upon actions.

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What Is A Notice To Perform?

May 6, 2019

A Notice to Perform is a tool

A Notice to Perform is a real estate tool designed to make buyers stick to agreed upon deadlines that are defined in the real estate purchase agreement. Sellers can issue a notice if a deadline passes and buyers haven’t taken the agreed upon actions. In the California residential purchase agreement, issuing a notice typically gives the buyer 48 hours to remedy the situation at hand. Timeframes in other states vary.

When would I use a Notice to Perform?

If a buyer does not show proof of funds or fails to deposit earnest money by an agreed upon date, you could issue a Notice to Perform, asking for compliance with the agreed upon dates.

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