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Real Estate contract A Real Estate contract is document that legally binds two or more partners/ organizations, for exchange, purchase or any other transaction that is related to real estate. Requirements of a Real estate Contract CONSIDERATION Real Estate contract is exchange of property & money in most cases. By signing the contract acknowledges the party is aware of the clause ACCEPTANCE LEGAL CAPACITY Acceptance terms that both parties have agreed to the real estate deal. Both the parties A contract is valid if the signatories have an intent to sign it. They and the offer stated in the contract. should not be in ill must sign on the health, taken advantage contract documents at of, minors or a draft of the required pages fraud. OFFER LEGALITY ON PURPOSE The entire contract is a legal one unless the contents of it The two sides of an offer include the that party makes an offer, puts in writing as per the real estate contract rules, are illegal, or criminal in nature. They should not be supporting any illegal and signs it on his clauses that will deem it null behalf. and void in future. I Types of Real Estate Contract REAL ESTATE PURCHASE POWER OF LEASE ASSIGNMENT AGREEMENT ATTORNEY AGREEMENT CONTRACT A Real Estate Agreement A POA is a legal document prepared assigning a trustworthy person to take care of the property in the absence of the actual owner. A contract in which the Purchase Agreement is home owner and an also called the sales that binds a Landlord to investor are involved. agreement the tenant is called a Lease Agreement. Real Estate contracts are required to be entered in to whenever a two parties deal with the exclusive rights to a property. GETLEGA L com VISIT WWW.GETLEGAL.COM FOR MORE TIPS.


shared by webmastergetlegal on Apr 15
Real estate contracts are governed by federal statutes & state statutory & common law. The requirements established by state law often differ significantly from one state to the next. Find an attorney...



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