Under the TREC Addendum for Property Subject to Mandatory Membership in a Property Owners Association, the buyer has the right to terminate the contract if the buyer is not satisfied with the HOA documents. How many days does the buyer have to review the documents and decide?
Correct Answer
D) The number of days specified in the addendum, as negotiated between the parties
The TREC addendum specifies a blank for the parties to negotiate and fill in the number of days the buyer has to review the HOA documents. This is a negotiated term, not a fixed statutory period.
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