Utah § 57-29-305 Voidable agreements.

Utah Statutes

§ 57-29-305 — Voidable agreements.

Utah § 57-29-305

Title 57Real Estate

Ch. 57-29Undivided Fractionalized Long-term Estate Sales Practices Act

Part 57-29-3Investigation and Enforcement

This text of Utah § 57-29-305 (Voidable agreements.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 57-29-305 (2026).

Text

(1)(1)(a) If a sponsor violates a provision of this chapter in entering into an agreement to purchase an undivided fractionalized long-term estate, the purchaser may rescind the agreement.

(1)(b) A purchaser may rescind an agreement under this Subsection (1) at any time before the closing.

(2)A purchaser who rescinds an agreement in accordance with Subsection (1) is entitled to all the consideration that the purchaser gave under the rescinded agreement.

(3)In an action to enforce a purchaser's right of rescission under Subsection (1), the court shall award costs and reasonable attorney fees to the prevailing party.

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(1) (1)(a) If a sponsor violates a provision of this chapter in entering into an agreement to purchase an undivided fractionalized long-term estate, the purchaser may rescind the agreement.
(1)(b) A purchaser may rescind an agreement under this Subsection (1) at any time before the closing.
(2) A purchaser who rescinds an agreement in accordance with Subsection (1) is entitled to all the consideration that the purchaser gave under the rescinded agreement.
(3) In an action to enforce a purchaser's right of rescission under Subsection (1), the court shall award costs and reasonable attorney fees to the prevailing party.