What is the statute of limitations for written contracts in Georgia?

The statute of limitations for written contracts in Georgia is six years. This means that if a party wishes to file a lawsuit for breach of a written contract, they must do so within six years from the date of the breach. This time limit is important for ensuring that disputes are resolved in a timely manner while evidence is still fresh and witnesses are available.

Understanding the duration of the statute of limitations is crucial for real estate professionals in Georgia, as they often deal with numerous contracts, including purchase agreements, lease agreements, and other formal documents. Knowing that there is a six-year period helps in advising clients accurately and ensures that their rights are protected within that timeframe.

While other states may have different durations for their statutes of limitations on written contracts, Georgia specifically adheres to the six-year rule. This can sometimes lead to confusion, particularly for individuals coming from states with different statutes. Therefore, familiarity with Georgia's laws is vital for effective practice in the real estate industry.