What happens if a buyer backs out? Real estate expert on what you need to know

A question that comes up very frequently upon signing a purchase agreement is, “What happens if a buyer backs out?” The seller always wants to know whether he or she will get the deposit.

I wish the answer was black and white. If that were the case, many attorneys would be out of work.

Deposits are generally forfeited unless all contingencies are met and it can be proven that there is a failure to perform or failure to disclose on the part of the seller.

Most contracts call for both arbitration and

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EU Court Backs Paris Regulations on Airbnb Rentals

The European Union’s top court backed a Parisian measure that regulates renting second homes on Airbnb. (iStock)

The European Union’s top court backed a Parisian measure that regulates renting second homes on Airbnb. (iStock)

The European Union’s top court ruled against two Parisian Airbnb hosts in a decision that could impact the short-term rental business’s operations throughout the continent.

The Court of Justice of the European Union ruled in favor of a Paris measure that requires property owners to get city approval to rent a second home on Airbnb, Reuters reported.

Parisian officials had fined two apartment owners for failing to secure those approvals. Airbnb was not a party to the case.
The issue went to a French court, which requested guidance on the issue. The CJEU said the measure was consistent with EU law and justified because it was “proportionate, limited in material and geographical scope, and doesn’t cover the rental of primary homes,” according to Reuters.

“Combating the long-term rental housing shortage constitutes an overriding

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Iraq’s top Shiite cleric backs early parliamentary elections

BAGHDAD – Iraq’s top Shiite cleric on Sunday threw his support behind the prime minister’s announcement that parliamentary elections will be held ahead of schedule next year, saying the timing should not serve the interests of political groups.

Grand Ayatollah Ali al-Sistani’s comments came in a statement released by his office after a meeting with the U.N. envoy to Iraq, Jeanine Hennis-Plasschaert. A photo released by al-Sistani’s office showed the black-turbaned cleric meeting with the U.N. envoy and an interpreter.

Sunday’s meeting was the first public face-to-face between al-Sistani and a foreign official since the spread of coronavirus in Iraq earlier this year. The country is one of the hardest-hit by the virus in the region, with nearly 300,000 confirmed cases and more than 7,900 deaths.

It is also the first such meeting since al-Sistani, 90, underwent surgery for a fractured bone in January.

In August, Iraqi Prime Minister Mustafa

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