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7 Cards in this Set
- Front
- Back
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Vendor |
In real estate pruchases and sale contracts the seller is the vendor |
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Vendee |
In a real estate purchase and sale contract the buyer is the vendee |
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Time is of the Essence |
A definite time and place for performances |
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Restrictive Covenants |
A clause in a deed or lease that restricts the use of the property |
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Equitable Title |
The right to get legal title from the seller when all of the terms of the contract, inclding paying the purchase price, have been met. |
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Earnest Money Deposit |
A deposit that protects the seller from buyer's breach of contract |
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Contingency |
An agreement to do or not do one thing that is dependent upon something else that may or may not occur |
