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Utah · Through 2026 General Session

Utah Code § 57-29-305: Voidable agreements.

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Where this section sits in the code
  1. Title 57 Real Estate
  2. Chapter 57-29 Undivided Fractionalized Long-term Estate Sales Practices Act
  3. Part 57-29-3 Investigation and Enforcement

(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.

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an agreement in accordance with Subsection (1) is entitled to all the consideration that the purchaser gave under the rescinded agreement.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

Collected 2026-09-03T11:34:33Z. Source file · JSON

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