Real Estate Contract
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A Real Estate Contract is a Contract that pertains to (the purchase, sale, exchange, or other conveyance of) real estate.
- Context:
- It can (typically) have Real Estate Contract Articles.
- It can (typically) have Real Estate Contract Clauses.
- It can (typically) outline the terms and conditions agreed upon between parties involved in real estate transactions, such as buyers and sellers.
- It must comply with the laws and practices of the jurisdiction in which the land is located and usually needs to be in writing to be enforceable.
- It can be based on an Real Estate Agreement Contract Template, such as a office lease agreement standard contract blueprint.
- ...
- Example(s):
- a Office Lease Agreement.
- a Purchase and Sale Agreement for residential property.
- a Land Contract.
- ...
- Counter-Example(s):
- See: Easement, Contract, Conveyancing, Real Estate, Leasehold Estate, Rental, Leases, Deed, Freehold (Real Property), Fee Simple, Title (Property), Life Estate.
References
2023
- (Wikipedia, 2023) ⇒ https://en.wikipedia.org/wiki/Real_estate_contract Retrieved:2023-8-21.
- 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 contracts) cover such rentals since they typically do not result in recordable deeds. Freehold ("More permanent") conveyances of real estate are covered by real estate contracts, including conveying fee simple title, life estates, remainder estates, and freehold easements. Real estate contracts are typically bilateral contracts (i. e., agreed to by two parties) and should have the legal requirements specified by contract law in general and should also be in writing to be enforceable.