Conditional Sale Contract
Real estate sales contract where possession and use is provided to the buyer, but the deed is kept by the seller until the full purchase price is met whereupon the title is placed in the buyers name. See also contract for deed; installment land sales contract;land contract.
Popular Real Estate Terms
Financial interest a developer has in a development. The interest may be a direct investment or a percentage interest in the overall profit. ...
Style of life emphasizing outdoor activities, amenities, and recreation. Example are campers and barbecues. It is usually on a short-term basis. ...
Loan mandating equal periodic payments to pay off the loan subsequent to the last payment. ...
Contractual clause allowing one or both parties to terminate the agreement if a specified occurrence takes places. This is a cancellation clause, which allows the agreement to become null ...
Any property that is part of an estate and is real or personal, material or intangible, having actual worth or is worthless and can be directly willed to an heir. ...
In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...
Burdens one parcel of land (the servient estate) for the benefit of another parcel (the dominant estate). ...
Modification in the amount of money involved for some justifiable reason. ...
Barrel, reservoir, or tank for storing rain runoff. ...
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