What must a preneed contract specify when it involves real estate?

When a preneed contract involves real estate, it is essential for the contract to specify the location of the real estate. This is crucial for several reasons, including clarity in identifying the specific property involved in the agreement and ensuring that all parties are in agreement about the property being referenced. Specifying the location provides legal certainty and can help avoid disputes or confusion later on regarding which property is subject to the contract.

Knowing the exact location allows both the service provider and the purchaser to understand what is being offered, and it also facilitates the necessary legal processes associates with property transactions, such as title searches and the transfer of ownership. In this context, the location acts as a critical identifier in the contract to link the agreed-upon services to a physical property.