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Contract of sale
Contract of sale A purchase transaction in which the buyer receives possession of the property, but the seller retains title.
RELATED TERMS--------------------------------------
Possession
The condition of having signed all the papers at closing and having received keys to the house.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
SIMILAR TERMS--------------------------------------
Contagem property
Property in Contagem, Brazil. Apartments, flats, houses, offices and other property in Contagem.
Contemporary style
A design that features streamlined shapes, large unadorned windows and industrial materials.
Contents insurance
Insurance that protects the homeowner against the damage and theft of their possessions.
Contiguous
Touching at some point or along a boundary.
Contiguous lots
Pieces of real estate that are next to each other.
Contiguous space
Multiple suites-spaces within the same building and on the same floor that can be combined and rented to a single tenant, or a block of space located on multiple adjoining floors in a building
Contingency
A requirement in a contract that must occur before that contract can be finalized.
Contingency listing
A property listing with a special condition attached.
Contingent fee
A charge that is paid if a specified event occurs.
Continuing education
A requirement in most states that real estate and appraiser licensees complete a specified number of educational offerings as a prerequisite to license renewal or reinstatement.
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
Contract documents
The complete set of design plans and specifications for the construction of a building
Contract for deed
A contract for deed is an agreement between the seller (vendor) and buyer (vendee) for the purchase of real property in which the payment of all or a portion of the selling price is deferred.
Contract of purchase
An agreement between parties for the sale of real estate. In some states it is synonymous with a Purchase Agreement, Sales Agreement, or Land Contract.
Contract rent
The rental income as stipulated by the parties in a lease.
Contract sales price
The full purchase price as stated in the contract.
Contract to purchase
A document in which a property's buyer and seller approve the price and other terms of the transfer of title.
Contractor
In the construction industry, a contractor is one who contracts to erect buildings or portions of them.
Contractual lien
A legal claim against property as a result of a voluntary contract, such as a mortgage.
Contribution
The appraisal principle that states that the value of any component of a property is what it gives to the value of the whole or what its absence detracts from that value.
Controlled business arrangements
As defined under the Real Estate Settlement Procedures Act (RESPA), an arrangement or combination in which an individual or a firm has more than a 1 percent interest in a company to which the individual or firm regularly refers business.
Controlled growth
A set of restrictions set by local government that governs the amount, type and density of new construction.
PREVIOUS AND NEXT TERMS--------------------------------------
Continuing education
A requirement in most states that real estate and appraiser licensees complete a specified number of educational offerings as a prerequisite to license renewal or reinstatement.
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
Contract documents
The complete set of design plans and specifications for the construction of a building
Contract for deed
A contract for deed is an agreement between the seller (vendor) and buyer (vendee) for the purchase of real property in which the payment of all or a portion of the selling price is deferred.
Contract of purchase
An agreement between parties for the sale of real estate. In some states it is synonymous with a Purchase Agreement, Sales Agreement, or Land Contract.
Contract of sale
Contract rent
The rental income as stipulated by the parties in a lease.
Contract sales price
The full purchase price as stated in the contract.
Contract to purchase
A document in which a property's buyer and seller approve the price and other terms of the transfer of title.
Contractor
In the construction industry, a contractor is one who contracts to erect buildings or portions of them.
Contractual lien
A legal claim against property as a result of a voluntary contract, such as a mortgage.
This dictionary contains 6433 terms. |
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