Recession Of Contract
Definition of "Recession of contract"
Cancellation of a contract such as when a real estate agreement is deemed illegal.
Popular Real Estate Terms
member of the National Association of Real Estate Brokers, Inc. ...
To sell property from one to the other and transfer all title and interest. Property is conveyed by bill of sale, contract, deed or other instrument. ...
There’s a time when it’s neither a Buyer’s Market nor a Seller’s Market. We call it “Renter’s Market”. It’s that time where, despite ...
Linear measurement of property abutting a road or water body acting as a boundary market. ...
Document, such as a deed, which demonstrates property ownership. ...
Agreement in which some terms are yet to be carried out. The contract is still not fully completed. ...
A professional society which is an affiliate of the National Association of Real Estate Brokers. The purpose of the NSREA is to formulate rules of ethics and professional conduct and ...
A stated of years. The length of time something is effective, such as a two-year rental. A condition specified in an agreement. An example is that the tenant must not have a cat in ...
Provision in a lease agreement in which the lessee is given the right to buy the property at the end of lease term. In many cases, the option price is attractive to encourage acquisition. ...
Have a question or comment?
We're here to help.