This form is a contract for a lease and a manadatory purchase of real estate. Seller demises and leases to purchaser and purchaser takes and rents from seller certain real property described in the form. Purchaser agrees not to use or permit the use of the property for an illegal purpose. An auction, fire or going out of business or bankruptcy sale, may not be conducted in the property without prior written consent of the seller.
Real Estate Contract Clauses Examples In Washington
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Multi-State
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US-00120
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Word;
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FAQ
Examples include confidentiality, liability, and termination clauses, all of which serve to protect parties' interests and provide a framework for resolving potential disputes.
It is a clause that outlines the rights and responsibilities of the policy owner. Ownership Clause may refer to the rights and obligations that are associated with the ownership of a particular piece of property or to the rights and obligations that are associated with the ownership of an insurance policy.
A contract is a legally binding agreement between two or more parties that outlines their rights and obligations for that business relationship or transaction. Now, a contract clause is a specific section or provision within that written contract.
Contract Owner refers to an individual or entity that holds ownership rights to the policy.
In real estate contracts, there are contract clauses that outline the terms of the agreement and responsibilities of each party. The contract clauses address all aspects of the sale terms and are legally binding once both parties sign the document.
Sample wording: “This agreement may be terminated by either party by providing 30 days written notice to the other party.” Change control clauses: Manage how changes to the contract or project scope are handled. Sample wording: “Any changes to the scope of work must be made in writing and agreed upon by both parties.”
"Legal owner" means a person having a security interest in a vehicle perfected in ance with chapter 46.12 RCW or the registered owner of a vehicle unencumbered by a security interest or the lessor of a vehicle unencumbered by a security interest.
Washington property law is broader than “ownership rights and interest.” Ownership rights include: the right to “possess” property (i.e., the right to exclude others from using or occupying property) and the right to peaceful enjoyment of property.
A clause can be defined as an independent concept within the written contract. A clause may have any number of sub-clauses. A condition is a clause in a contract or agreement which has for an object to suspend or to alter the obligation principals.
In Washington, the basic maxim is “An agreement is enforceable if its terms are reasonably certain.” The terms of a contract are “reasonably certain” if they provide the ability for determining a breach/default and for giving an appropriate remedy in case of breach/default.
