(a) Any contract for the sale of a new home must contain a section in which oral statements or promises made by the seller, the seller's agent, or the buyer may be recorded.
(b) This section must be conspicuously displayed and must take the following form:
ORAL STATEMENTS OR PROMISES
Oral statements or promises often cause serious disputes between sellers and buyers of new homes. This section of the contract attempts to alleviate potential problems. Unless oral statements or promises are included in this contract, they may not be enforceable under law. By including the terms below, the buyer and seller are making them part of this contract. THIS SECTION SHOULD NOT BE LEFT BLANK IF YOU ARE RELYING ON ANY ORAL STATEMENT OR PROMISES.
The following oral statements or promises have been made by the seller, the seller's agent, or the buyer. Performance of each of these statements or promises is incorporated into each party's obligation to fully perform the terms of this contract:
(c) The contract must include sufficient space on which to record oral statements or promises. Additional pages may be used and, if used, must be incorporated by reference into the contract. (1989 L.M.C., ch. 25, § 1.)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
