Residential Contracts Act
Indiana`s Home Improvement Contracts Act (the « Act ») is a statutory consumer protection law that sets out terms that must be included in all $150 home renovation contracts. An entrepreneur who violates the law commits a « fraudulent act » under the Indiana Deceptive Consumer Sales Act, which is enforceable by the consumer and even the attorney general. However, entrepreneurs can break the law by simply not following proper notification procedures or by not including certain legal information in a home improvement contract with a consumer. WHAT TO DO IF YOU ARE IN DISPUTE WITH YOUR CONTRACTOR: Contractors are engaged in contractual matters. They prepare and sign contracts every day. They have knowledge that most consumers don`t have and often have lawyers to help them draft these contracts. If you`re in litigation with your contractor, chances are your salvation lies in the Indiana Home Improvement Contract Act, but you`ll likely need an experienced construction attorney to navigate the many twists and turns of this complex area of consumer law. If you`re frustrated with your contractor and think you`re being benefited from it, call us today at 317-939-3000 and ask your friends to IndyAdvocate.com what they can do to get you on the right track with your contractor. For a phone review – call – 317-939-3000 or click here to email us. 3. Seller may not waive the Option Payment or any part thereof, provided, however, that Seller is the Option Payment (i) due by such Buyer under the Residential Real Estate Agreement, or (ii) as otherwise ordered by court order in an inter-jurisdictional action filed by such Seller in accordance with Section 8.01-364 in a court of competent jurisdiction.
Contractors and subcontractors who offer consumers any type of home improvement are advised to review and update their contracts to comply with recent changes to the Indiana Home Improvement Contracts Act.C. A residential real estate contract may be entered in the land registers in the office of the clerk of the district court where the property is located. B. Notwithstanding any other legal provision, the following provisions apply to any executed residential real estate contract: 1. A natural person, estate or legal person who owns no more than two single-family dwellings in the Commonwealth, unless the natural or legal person is an agent, affiliate, subsidiary or parent company of another legal person with at least one additional residential unit in the Commonwealth; One. Notwithstanding other legal provisions, a real estate contract under residential law is governed by the Virginia Residential Landlord and Tenant Act (sections 55.1-1200 et seq.). « Buyer » means a person who enters into a real estate contract under residential law. The provisions of this Chapter do not apply to executable residential real property contracts where the seller is as follows: The Housing and Community Development Committee develops and makes available on its website provisions relating to best practices for executable residential real property contracts. .