Bilateral Contract

Definition of "Bilateral contract"

Legal agreement between individuals who both agree to do or not to do some act.

Search Real Estate Glossary

Related Real Estate Glossary terms

Interstate Land Sales Full Disclosure Act

A federal act requiring potential purchasers and lessees of undeveloped land be provide with all nec ...

Golfers Equipment Insurance

Coverage for golf clubs and golf equipment on an all risks basis subject to exclusions of wear and t ...

Association Group

Bona fide organization that purchases insurance on a group basis on behalf of members. However, a gr ...

Bi-level

Two-story house where the front door is located above the first floor but below the second floor. ...

Rental Value

How much the rental property is worth. The valuation considers the net income derived from the prop ...

Reduction Certificate

Lender's written statement and accounting for the remaining balance, date of maturity, and interest ...

Related Real Estate FAQ

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

Should I Consolidate My Debt?

Discover your potential monthly savings by combining your bills into a single source. Eliminate high ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? What do Real Estate Attorneys do? Rent or Buy - the pros and cons How Does The Home Loan Underwriting Process Work? What is Hazard Insurance?

FAQ

What do I need to know about Indemnity Insurance? What Will My ARM Loan Payment Be ? What is a title? How Much Income Do I Need ? What type of Life Insurance is right for me?