What is the Statute of Limitations on Real Estate Contracts

Question:  What is the Statute of Limitations in Real Estate Contracts?

Answer:  In several sections of our Purchase Contract, the end of the section reads:The provisions of this Section shall survive Closing..  What does this mean?  It means that if there is any issue arising from this section, there is a period of time that this could be valid and addressed in a court of law.  If there are issues that arise, taking action as soon as you can is always the safest. But, most contract statute of limitations are either 4 or 6 years and something like fraud could be a little as 3 years. I think depending on the issue it would probably be 3-6 years. It would be unlikely that anything would be less than that.

Link to Statute of Limitations: https://le.utah.gov/xcode/Title78B/Chapter2/78B-2.html

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