Home > Industry/Domain > Real estate
Real estate
Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.
6Categories 16551Terms
Add a new termContributors in Real estate
Real estate > Contracts 
firm commitment
Law; Contracts
Oral or written commitment under which a party voluntarily binds itself to a certain offer or performance of an act for a specified period.
adequate competition
Law; Contracts
In bidding and contracting arrangements, adequate competition exists if (1) bids are solicited from at least two 'responsible bidders,' (2) each of whom can satisfy the contract's ...
adequate consideration
Law; Contracts
The price stipulation within a contract that establishes equivalence in the exchange of value in the form of money, goods or services. Any exchange of value that is deemed not to ...
adhesion contract
Law; Contracts
Boilerplate contract, prepared entirely by the party with preponderant bargaining power, and offered to the weaker party on (in effect) a 'take it or leave it' basis. Most ...
administrative change
Law; Contracts
Written, unilateral change in the terms of a contract which does not affect the substantive rights of any party to that contract.
advance commitment
Law; Contracts
An agreement or promise to take some type of future action, such as a promise by a buyer to purchase goods at a price that is set beforehand.
advance payment bond
Law; Contracts
Guarantee supplied by a party receiving an advance payment to the party advancing the payment. It provides that the advanced sum will be returned if the agreement under which the ...
Sub-categories
- Commercial (226)
- Contracts (13098)
- Corporate (746)
- Home improvement (1576)
- Mortgage (522)
- Residential (169)