Buy-sell Agreement
Definition of "Buy-sell agreement"
Partnership agreement where the parties consent to purchase the interest of those leaving the partnership while those leaving similarly consent to sell their interests to agreement for a partnership in the event of the death or disability of one or more partners or the occurrence of some other specified event.
Popular Real Estate Terms
That portion of a loan collaterized by a leased property extending beyond the expiration date of the lease. For example, a lending institution collaterizes a 20-year loan on a commercial ...
property that has been segregated into parts. ...
Giving one's approval to another, e.g., a fiduciary, to manage his or her finances. ...
Unintentional error. An example is a house that the seller wants $1,000,000 for but it is mistyped as $100,000. An error may be unilateral or mutual. Some types of errors are the basis to ...
individual who purchases property for another for the purpose of not identifying to the seller and other interested parties the real identity of the true acquirer. The individual who makes ...
Title granted to those having expertise in valuing homes by the American Institute of Real Estate Appraisers. ...
Agreement in which some terms are yet to be carried out. The contract is still not fully completed. ...
Charge by the lender to keep credit available to the potential borrower. Once the loan is made, interest is charged on the amount borrowed. Real estate businesses often need money available ...
Air penetrating crevices in a structure. Penetration of water into the earth or through a structure. For example, water infiltrates the basement of a house causing it to be damp. ...
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