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This entry was published on 2014-09-22
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SECTION 5-703
Conveyances and contracts concerning real property required to be in writing
General Obligations (GOB) CHAPTER 24-A, ARTICLE 5, TITLE 7
§ 5-703. Conveyances and contracts concerning real property required
to be in writing. 1. An estate or interest in real property, other than
a lease for a term not exceeding one year, or any trust or power, over
or concerning real property, or in any manner relating thereto, cannot
be created, granted, assigned, surrendered or declared, unless by act or
operation of law, or by a deed or conveyance in writing, subscribed by
the person creating, granting, assigning, surrendering or declaring the
same, or by his lawful agent, thereunto authorized by writing. But this
subdivision does not affect the power of a testator in the disposition
of his real property by will; nor prevent any trust from arising or
being extinguished by implication or operation of law, nor any
declaration of trust from being proved by a writing subscribed by the
person declaring the same.

2. A contract for the leasing for a longer period than one year, or
for the sale, of any real property, or an interest therein, is void
unless the contract or some note or memorandum thereof, expressing the
consideration, is in writing, subscribed by the party to be charged, or
by his lawful agent thereunto authorized by writing.

3. A contract to devise real property or establish a trust of real
property, or any interest therein or right with reference thereto, is
void unless the contract or some note or memorandum thereof is in
writing and subscribed by the party to be charged therewith, or by his
lawfully authorized agent.

4. Nothing contained in this section abridges the powers of courts of
equity to compel the specific performance of agreements in cases of part
performance.