Statute · California Civil Code
Cal. Civ. Code § 1677 — Default on Real Property Purchase Contract
Cal. Civ. Code § 1677
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A provision in a contract to purchase and sell real property liquidating the damages to the seller if the buyer fails to complete the purchase of the property is invalid unless:
Citator
Cal. Civ. Code § 1677 — Default on Real Property Purchase Contract is in force in the current edition of the Code, and nothing recorded condemns it.
A provision in a contract to purchase and sell real property liquidating the damages to the seller if the buyer fails to complete the purchase of the property is invalid unless:
(a) The provision is separately signed or initialed by each party to the contract; and
(b) If the provision is included in a printed contract, it is set out either in at least 10-point bold type or in contrasting red print in at least eight-point bold type.