Real Estate Contract
/ˌriːəl ɪˈsteɪt ˈkɒntrækt/
Definitions
- (n.) A legally binding agreement between parties for the purchase, sale, or lease of real property.
The buyer signed the real estate contract to purchase the house.
- (n.) A document specifying the terms and conditions under which real property will be transferred or leased.
The real estate contract detailed the closing date and contingencies.
Forms
- real estate contract
- real estate contracts
Related terms
See also
Commentary
Real estate contracts must clearly outline all terms to avoid disputes; including contingencies is common practice.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.