Acts of God in Real Estate

by Prime Radar Team  November 20, 2014

You are talking about the Force Majeure clause. In the real estate industry, neither party is liable when incurred damage to a property is due to inevitable and unforeseen circumstances. Extraordinary events and natural disasters - also called ‘Acts of God’ in some cases- are beyond the power and control of either parties, and thus this clause in the contract removes liability for natural and unavoidable catastrophes that interrupt the expected course of events, and restrict the participating parties from fulfilling obligations.