Final answer:
Real estate documents should be kept for several years, although the duration may vary depending on the document type and jurisdiction.
Step-by-step explanation:
The duration for which real estate documents must be kept depends on the type of document and the laws of the jurisdiction.
In general, it is recommended to keep important real estate documents for at least several years. Some common real estate documents include:
- Sales contracts: These should be kept permanently as they provide details of property transactions.
- Deeds and titles: These should be kept as long as you own the property and even after you sell it.
- Leases and rental agreements: It is advisable to keep these for a few years after the lease term ends.
It is always a good idea to consult with a lawyer or a real estate professional to understand the specific requirements for document retention in your area.