Section 886.050 - Applicability on operative date to recorded contracts(a) Except as otherwise provided in this section, this chapter applies on the operative date to all recorded contracts for sale of real property, whether recorded before, on, or after the operative date.(b) This chapter shall not cause a recorded contract for sale of real property to expire of record before the passage of two years after the operative date of this chapter.Added by Stats. 1982, Ch. 1268, Sec. 1.