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Exchange of contracts
Exchange of contracts In England and Wales this is the stage of the buying process where the draft contract between the buyer and vendor becomes legally binding.
RELATED TERMS--------------------------------------
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
Vendor
The seller of realty. The seller under a land contract.
SIMILAR TERMS--------------------------------------
Exchange
A transaction in which all or part of the consideration for the purchase of real property is the transfer of property of "like kind".
Exchange company
Organization, which for a fee provides vacation exchange services and will assist timeshare and camping membership owners in exchanging for other resorts worldwide.
Exchange period
The period during which the exchanger must acquire replacement property in the exchange.
Exchanger
The property owner seeking to defer capital gain tax by utilizing an IRS 1031 tax deferred exchange.
PREVIOUS AND NEXT TERMS--------------------------------------
Evidence of title
Proof of ownership of property; commonly a certificate of title, an abstract of title with lawyer's opinion, title insurance or a Torrens registration certificate.
Examination of title
The report on the title of a property from the public records or an abstract of the title.
Excavation
The process of clearing trees, removing topsoil and grading land before the foundation is laid.
Exchange
A transaction in which all or part of the consideration for the purchase of real property is the transfer of property of "like kind".
Exchange company
Organization, which for a fee provides vacation exchange services and will assist timeshare and camping membership owners in exchanging for other resorts worldwide.
Exchange of contracts
Exchange period
The period during which the exchanger must acquire replacement property in the exchange.
Exchanger
The property owner seeking to defer capital gain tax by utilizing an IRS 1031 tax deferred exchange.
Excluded capital gain
The part of the realized gain that is "excluded" from taxes.
Exclusionary zoning
Zoning that excludes stated uses.
Exclusions
A section of the offer to purchase designed to exhibit anything the buyer or seller would not like included with the real estate.
This dictionary contains 6433 terms. |
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