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 term

Contributors in Real estate

Real estate > Contracts

non-disparagement agreement

Law; Contracts

A contract between two parties that prohibits one party from criticizing the other. Typically used in an employment or dispute settlement contract.

non-compete clause

Law; Contracts

Provision in a business sale agreement that restricts the seller from starting or working in a similar business for a certain number of years (typically three) in a specified ...

non-performance

Law; Contracts

Failure of a party to abide by or fulfill the terms of a contract, a failure which may lead to a breach of contract.

non-response bid

Law; Contracts

Bid that does not fulfill the requirements of an invitation to bid, offers, proposals, tenders, etc.

nonconformity

Law; Contracts

Occurrence of a condition that does not conform to the specifications of the prescribed standards. See also defect.

nonconformance

Law; Contracts

Non-fulfillment of specified requirements. See also defect, and imperfection.

not to exceed (NTE)

Law; Contracts

In contract negotiations, the commitment by the vendor that the value of an interim estimate (plus contingency allowances) will not exceed the amount of the firm proposal and ...