Term
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Definition
| ownership history of a specific property |
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Definition
| a law designed to prevent fraudulent practices involving contracts |
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Definition
| a contract providing for the transfer of property |
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Term
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Definition
| terms of a contract that may result in the contract being canceled if certain events occur |
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Term
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Definition
| a legal device used by two or more persons to indicate they have reached an agreement |
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Term
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Definition
| a third party who facilitates a real estate closing |
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Term
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Definition
| a cliosing using an escrow agent |
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Term
| right of the first refusal |
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Definition
| the right of a person to have the first opportunity to either purchase or lease real property |
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Term
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Definition
| contract that gives one party the right but not an obligation to purchase a property within a specified time horizon at a specified price |
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Term
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Definition
| the receiving party in a contact |
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Term
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Definition
| a response to an offer that represents a new offer |
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Term
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Definition
| a requirement that the terms of a contract be exactly complied with |
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Term
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Definition
| the process of creating a new loan agreement between a borrower and a lender |
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Term
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Definition
| a legal agreement authorizing property manager to conduct business on behalf of the landlord |
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Term
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Definition
| the act of passingall of ones rights and responsibilites under a legal agreement to a third party |
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