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Real Estate
We focus on the following main types of real estate documents--purchase agreements, land contracts, deeds, easements, leases, notes, and mortgages. We follow a three step approach to eliminate legalese in these documents. First, we identify the people who write the documents. They are as follows: Table 1---Types of Real Estate Documents
Second, we find people in the these groups who have the interest, ability, and courage to write these documents in plain English. And we ask them to join us to work in an organized way from within the system to eliminate legalese from these documents. Table 2--Plain English Subcommittee on Real Estate
Third, our subcommittee then finds clear examples of real estate documents, gives them Clarity Awards, and promotes them as good examples to follow. Below are some excerpts from some of the documents that we consider to be written clearer than most real estate documents.
from Sales Contract of Ann Arbor Area Board of Realtors
Terms: Balance of _______________Dollars ($________) will be paid as follows: cash or certified funds in full at the time of closing. This contract is contingent upon Purchaser qualifying for and obtaining a mortgage commitment as designated below for which Purchaser agrees to apply within _______ business days and pursue in good faith upon acceptance of this contract. Unmarked terms of purchase do not apply. THIS FINANCING CONTINGENCY TO BE REMOVED IN WRITING ON OR BEFORE (date)________________.
(example needed) 15a. Deeds (example needed) 15b. Easements (example needed) 16. Leases (example needed) 17a. Notes from FNMA/FHLMC Multistate Adjiustable Rate Note ARM 5-0 Form 3601 3/85 (example needed) |