Talk is Cheap Read Your Contract
The Georgia Supreme Court recently settled the Atlantic Station condo litigation. The opinion can be summed up with the following sentence: The broker’s promises mean nothing once you sign a written contract. In that case, a buyer purchased a condo at Atlantic Station based on the broker telling the purchaser they would have great views of the Atlanta skyline. The purchaser later signed a contract and sometime after the developer built a new building that blocked the purchaser’s pristine views. The purchaser, of course, sued and ultimately the Georgia Supreme Court ruled that the contract supersedes what the broker told the purchaser during the buying process. The moral of story, in most circumstances, if you are relying on what someone is telling you make sure its in your written contract. If you don’t you will find out the hard way that relying on talk is very expensive indeed.
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