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The AIR forms are designed to keep the transaction moving. The s allow the buyer more time to inspect, perform, or extend the closing date. Often, it is also more likely the buyer can get the deposit refunded if a is used. The primary difference between the AIR and s are passive vs.
Often, when commercial property is involved, the parties may be utilizing an AIR Commercial Real Estate (?AIR CRE?) purchase agreement. When a transaction involves the sale of residential property, the parties may be utilizing a (?CAR?) purchase agreement.
Air contract service means an air carrier operation available only to customers that engage the services of the carrier through a contractual agreement and excess capacity on any trip and is not available to the public at large.
As a result, the CAR Agreement provides greater protection for buyers as it relates to contingency removals and reduces the risk that a buyer may lose its deposit.
C.A.R. Standard Forms are developed by the C.A.R. Legal Department which gathers input from real estate professionals and attorneys to create user-friendly, comprehensive, and dependable forms.
In real estate, air rights are the property interest in the "space" above the earth's surface. Generally speaking, owning or renting land or a building includes the right to use and build in the space above the land without interference by others.