Tag: buyer

What is a land contract and how does it works? A land contract is a contract between the buyer and seller of a piece of...

DefinitionA lease option is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant...

DefinitionAn earnest payment is a specific form of security deposit made in some major transactions such as real estate dealings or required by some...

What is an earnout and how does it work An earnout is a performance-based bonus that is paid out over time, typically in addition to...

What is 'T+1 (T+2,T+3)' Abbreviations that refer to the settlement date of security transactions. The T stands for transaction date, which is...

What is 'A-Credit' The highest credit grade available as assigned to a borrower by a lender. Lenders use a credit grading system...