Liquidated damages clauses are commonly used in real estate contracts. For buyers, liquidated damage clauses limit their loss if they default. For sellers, they provide a preset amount, usually the buyer's deposit money, in a timely manner if the buyer defaults. The use and enforcement of li...
A definition of the term "liquidated damages" is presented. It refers to an amount agreed upon by both parties in advance through a contract should either party breach the agreed upon terms of the contract. Litigation is prevented through the inclusion of liquidation damages in a contract ...
Liquidated damages clauses are commonly used in real estate contracts. For buyers, liquidated damage clauses limit their loss if they default. For sellers, they provide a preset amount, usually the buyer's deposit money, in a timely manner if the buyer defaults. The use and enforcement of li...
A Test of the Disjunctive Thesis. Real Estate Economics, 45:1, 204-230.Michael J. Seiler, Do Liquidated Damages Clauses Affect Strategic Mortgage Default Morality? A Test of the Disjunctive Thesis, Real Estate Econ. 1 (2016).