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Legal Terms - Estate contract
A legal agreement wherein the landowner consents to establish or transfer a legal estate in the property; for instance, the owner may contract to issue a lease, sell the property, or provide a legitimate option to purchase. The contract grants the purchaser an enforceable equitable interest against third parties, contingent upon registration.
A legal agreement wherein the landowner consents to establish or transfer a legal estate in the property; for instance, the owner may contract to issue a lease, sell the property, or provide a legitimate option to purchase. The contract grants the purchaser an enforceable equitable interest against third parties, contingent upon registration.
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