Actual Notice
In real estate, actual notice refers to direct knowledge or awareness that an individual has regarding a particular fact or circumstance related to a property. This knowledge can be acquired through personal observation, communication, or other means that provide clear and unequivocal information about the property. Actual notice can include things like seeing a “For Sale” sign on a property, receiving a notice of pending litigation involving the property, or being informed by a real estate agent about a defect in the property. It’s important because it can impact legal rights and obligations concerning the property, including disclosure requirements and the validity of transactions involving the property.