De Facto Contract
Definition of "De facto contract"
Contract that intends to convey property form one individual to another but is defective in one respect.
Popular Real Estate Terms
Rental based on a percent of sales or profit that in addition to the constant rental amount. ...
Regional area from which a particular product or service can expect its greatest demand. For example, a retail department store expects to attract shoppers from a market area having a ...
Pump installed in the sump of a building to pump out and drain any water or liquids that have accumulated. ...
A mortgage requiring a substantial down payment. It is usually only available to those having good credit, and has fixed monthly payments for the life of the loan. It usually has a 30 year ...
(1) Temporary and symbolic payment showing good faith and obligating two or more individuals until a final transaction takes place. The binder is typically returned if the final agreement ...
Charter issued by The Office of Thrift Supervision, under the U.S. Department of Treasure, to an institution to act as a savings and loan association. A federally chartered savings and loan ...
To fulfill , complete, implement, perform, or carry out terms of an agreement including completing a signature on a contract and delivering a document to the intended party. ...
Structure have two dwelling units under the same roof. Two-story apartment unit. ...
Taken out on property to replace or repair it if it malfunctions. It covers parts and/or service. An example is a warranty a homeowner takes out on a stove, refrigerator, or dishwasher. It ...
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