QUESTION
How can I write a proviso or caveat in a real estate sale contract?
Asked on May 23rd, 2014 on Residential Real Estate - Massachusetts
More details to this question:
I'd like to know how and where to write a proviso/caveat in a buyer real estate sale contract that allows the seller to remain in the current residence, as a tenant for free in perpetuity or until death. I'm looking for a more legal language for that clause and the most appropriate place within a sale agreement to include it.
1 ANSWER
Dear Anonymous,
What you are talking about is a life estate. There is specific language that would be included in the P&S and deed.
If you need assistance with this, do not hesitate to contact my office at 617-410-6467.
Answered on May 28th, 2014 at 4:59 PM
Wyckoff Nissenbaum 617-466-6620 somervillelawoffice.com