Definition of "Forfeiture"

Valerie Abercrombie real estate agent
Valerie Abercrombie, Real Estate Agent Better Homes and Gardens Real Estate Main Street Properties

Loss of property from nonfulfillment of some duty or condition. In some cases, forfeiture is required by a court order, whereas in other cases the nonfulfillment of a contractual debt is enough to result in forfeiture. For example, the loss of a lease can result from the failure to pay rent on time.

 

Need help from a real estate agent?


Buy Sell Rent

I agree to receive FREE real estate advice.

Are you a real estate agent?


Residential Rental Commercial

I agree to receive FREE real estate advice.

Have a question or comment? We're here to help.

 

*** Your email address will remain confidential.

 

Popular Real Estate Terms

Popular Real Estate Questions