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In Georgia, the buyer's due diligence period:
Correct Answer
B) Is negotiated between the parties
Georgia's standard purchase agreement includes a negotiated due diligence period during which the buyer can terminate for any reason.
Answer Options
A
Is set by law at 14 daysB
Is negotiated between the partiesC
Does not existD
Is always 30 daysVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
contract-contingenciesearnest-money-depositsreal-estate-contract-formationhome-inspection-processrisk-allocation-in-real-estate
Key Terms:
due diligence periodGeorgia Purchase and Sale AgreementGAR contractbuyer termination rightnegotiated contingency
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