Let the Buyers Handle the Repairs
The inspector in your transaction calls out issues with the roof. Do you try to persuade the sellers to handle the repairs before the transaction closes or do you issue the buyers a credit and let them handle it?
SJC Ruling Brings Law in Line With Industry Practices
Since at least 1940, parties to construction contracts have been held to high standard of showing “complete and strict performance of all [of the construction contract’s] terms.” This has historically turned otherwise straightforward disputes over payment into battles where the parties could point to any performance failure as a basis to avoid liability.
