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.
Nebraska Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause
State:
Multi-State
Control #:
US-00120
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Contract For The Lease And Mandatory Purchase Of Real Estate - Specific Performance Clause?
Finding the appropriate valid document format can be a challenge. Of course, there are many templates available online, but how do you locate the specific design you need? Visit the US Legal Forms website. The platform offers thousands of templates, such as the Nebraska Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause, which can be utilized for both business and personal purposes. All of the forms are verified by experts and comply with state and federal regulations.
If you are already registered, Log In to your account and click the Download button to retrieve the Nebraska Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause. Use your account to review the legal documents you have acquired previously. Go to the My documents section of your account to get another copy of the document you need.
If you are a new user of US Legal Forms, follow these simple steps: First, ensure you have selected the correct document for your city/state. You can preview the form using the Review button and read the form description to confirm it’s the right one for you. If the document does not satisfy your requirements, use the Search field to find the suitable form. Once you are certain the form is appropriate, click the Buy now button to obtain the document. Choose the pricing plan you prefer and enter the necessary details. Create your account and make the payment using your PayPal account or credit card. Select the file format and download the legal document template for your system. Complete, edit, print, and sign the downloaded Nebraska Contract for the Lease and Mandatory Purchase of Real Estate - Specific performance clause.
- US Legal Forms is the largest collection of legal documents available with various document templates.
- Use the service to obtain professionally crafted documents that meet state requirements.
Form popularity
FAQ
Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of the contract.
A contractual remedy in which the court orders a party to actually perform its promise as closely as possible, because monetary damages are somehow inadequate to fix the harm.
Requirements for Specific Performance: Courts will enforce specific performance only if the underlying contract was fair and equitable. It is up to the plaintiff to demonstrate that the contract was an appropriate one, legal, with each party receiving fair consideration for performance.
Which of the following is needed in order to satisfy the UCC's requirement for a written document? The contract or memorandum needs only to state the quantity to be sold.
Requirements for Specific Performance: Courts will enforce specific performance only if the underlying contract was fair and equitable. It is up to the plaintiff to demonstrate that the contract was an appropriate one, legal, with each party receiving fair consideration for performance.
Specific Performance: Overview When a contract is for the sale of a unique property, for instance, mere money damages may not remedy the purchaser's situation. Example: Rina offers to buy Beth's house and Beth accepts, but later decides to keep the property. Real estate is considered to be unique.
In summary, specific performance is an equitable remedy that is available when a party to a sales contract for real property is harmed by the other party's nonperformance.
An equitable remedy to compel a party to perform the specific terms of a contractual provision, rather than simply pay monetary damages as compensation for a breach.
A Time of Performance Clause: This clause indicates the time frame in which a party must fulfill its contractual obligations. Some contracts provide a specific time frame, such as two weeks. Others use the phrase time is of the essence to describe the time frame.
Specific performance is an equitable relief granted by the Court to enforce contractual obligations between the parties. It is a remedy in performance as opposed to a claim sounding in damages for breach of contract where pecuniary compensation is granted as relief for failure to carry out the terms of the contract.