Valid Contract


Definition of "Valid contract"

Nita Rodriguez
  Re/Max Professionals

One that is legally binding because it is in conformity with legal requirements and conditions.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Excepted Period

Same as term Elimination Period: form of deductible usually found in disability income insurance; fo ...

Federal Home Loan Bank Board

Federal agency that monitors the federal savings an loan associations and federally insured state-ch ...

Mexico Insurance

Coverage through an endorsement to the personal automobile policy (pap) to extend its protection aga ...

Property Owner Association Agreement

A written contract of a group of property owners, typically condominium owners, describing their joi ...

Declarations Section

In property and casualty insurance, contract section containing such information as name, descriptio ...

Real Estate Commission

Amount a manger of real estate receives for his efforts. For example, a manger is to receive 2% o ...

Related Real Estate FAQ

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

What Is A Point?

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

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

What Is A Proprietary Lease?

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

Should I Pay Extra Each Month?

This calculator figures how much interest savings you will have depending on how much extra you pay ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

10 Tips for Homebuyers What do Real Estate Attorneys do? What is Escrow and how does it Work? Build or Buy? That’s the Big Question How is Square Footage Determined?

FAQ

What is a credit report? What is a loan-to-value (LTD) ratio? What is an index? What is a commitment letter? What is the difference between a real estate broker and a real estate agent?