Contracts & ExecutionQuestion 736 of 1605

A home improvement contract must state the total price the buyer will pay, described as the:

a.Lender's appraised amount
b.County-assessed value
c.Contractor's estimated cost only
d.Contract price agreed upon in the contract

Explanation

B&P §7159 requires the contract to clearly state the total contract price the buyer will pay, so the owner knows the full obligation before work begins.

Law Reference: B&P §7159(c)

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Reviewed by Abraham Chen Licensed California General Contractor (CSLB License #1101856 verify)
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