Do weekends and holidays count as contract days?

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01/07/2016 | Author: Editorial Staff

When calculating deadlines for my buyer in the One to Four Family Residential Contract (Resale), should I include weekend days or federal holidays?

Yes. TREC and TAR contracts use calendar days, not business days. This includes weekends and holidays.

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Categories: Legal
Tags: legal, legal faq, forms, buyers, sellers


Comments

Michael Detana on 01/12/2016

Miriam the option period would begin on Feb 10th and end at 5pm on Feb 16th.

Linda Laycock on 01/11/2016

Option period, as I have always been told, starts the next full day after execution date

Thanks for the time change info-and I thought I was keeping updated

Doris Snipp on 01/08/2016

I agree that a more through answer was required.  The option period is calendar days and you start counting the day after the effective date.  However the deposit of Earnest Money is business days. Also doesn’t hurt to remind everyone the new option period ends at 5 pm now and not 11:59.

Miriam Moorman on 01/08/2016

It might have been nice to add a little more detail as to which days to count. For example; Executed date is Feb 9th - 7 day option.  Do you count Feb 9th as one of the 7 days or not?  Does the option end Feb 15th or 16th?  I think that’s another confusing aspect to a lot of people.


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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

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