What provisions should a well-written sales contract include regarding the seller?

Study for the ASU REA380 Exam 2. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for success!

A well-written sales contract should include provisions regarding defects in the title because these defects can significantly impact the buyer's ability to claim ownership of the property. Ensuring that the title is clear and free of defects is crucial in real estate transactions, as any issues—such as liens, encumbrances, or undisclosed ownership claims—can lead to future disputes or financial loss for the buyer. By explicitly addressing title defects in the sales contract, the seller acknowledges their responsibility to provide a valid title, ensuring transparency in the transaction and protecting both parties' interests.

Other considerations mentioned, like the seller's proof of income or approval from the seller's children, are not standard provisions necessary in a sales contract. Similarly, while disclosure of previous tenants can be important in certain situations, it does not directly relate to the legal ownership and conditions of the property that defects in the title cover. Therefore, focusing on title defects is essential for establishing a secure and legally sound property transfer.

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