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A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental ...
Conditional sale. A conditional sale is a real estate transaction where the parties have set conditions. [ 1][ 2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase ...
In English law, words of purchase are words the grantor uses to designate the grantee on a deed, will, or probate that determine who is to receive the interest. [1] The term "words of purchase" is a technical conveyancing expression, a term of art in real property law that has nothing to do with the ordinary meanings of the word "purchase".
Dec. 20—A property east of Mead that has long been home to a rustic lodge and a snow tubing hill is now a part of Mount Spokane State Park. Washington State Parks has purchased the Bear Creek ...
Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the owner, the third party ...
Contract law. Offer and acceptance are generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal capacity). Analysis of their operation is a traditional approach in contract law. This classical approach to contract formation has been modified by developments ...
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