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State Bar & Bar Associations

Nov. 23, 2005

Developer, Buyer and Security Service Duke It Out

THE NEW LAWYER - QUESTION 2 - REAL PROPERTY Developer acquired a large tract of undeveloped land, subdivided the tract into 10 lots, and advertised the lots for sale as "Secure, Gated Luxury Home Sites." Developer then entered into a 10-year, written contract with Ace Security Inc. ("ASI") to provide security for the subdivision in return for an annual fee of $6,000.

         QUESTION 2
        
        REAL PROPERTY
        
        Developer acquired a large tract of undeveloped land, subdivided the tract into 10 lots, and advertised the lots for sale as "Secure, Gated Luxury Home Sites." Developer then entered into a...

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