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In contract law, a contract of sale, sales contract, sales order, or contract for sale [1] is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent).
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".
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 contracts) cover such rentals since they typically do not result in recordable deeds.
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In 2019, a letter from the Treasurer's Office explained that her property identification number (PIN) — a unique 14-digit code used for tax purposes — had been swapped with McElroy's next-door ...
However, if TIC property is sold or subdivided, in some States, Provinces, etc., a credit can be automatically made for unequal contributions to the purchase price (unlike a partition of a JTWROS deed). Real property may be owned jointly with several tenants, through devices such as the condominium, housing cooperative, and building cooperative.