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  2. 72-hour clause - Wikipedia

    en.wikipedia.org/wiki/72-hour_clause

    A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...

  3. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...

  4. Good guy clause - Wikipedia

    en.wikipedia.org/wiki/Good_guy_clause

    The use of a Good Guy Clause allows a renter to be released from liability of the lease if a rental is terminated early, giving tenants less apprehension regarding signing a time bound lease, and satisfying the landlord's worries about reclaiming their space "in the same condition in which they would have been had the lease expired in ...

  5. Can a seller back out of a real estate contract? - AOL

    www.aol.com/finance/seller-back-real-estate...

    Building contingencies into the contract: Most real estate contracts have contingencies that give sellers cause to back out. For instance, the seller may say they will only sell their property if ...

  6. Restraint on alienation - Wikipedia

    en.wikipedia.org/wiki/Restraint_on_alienation

    A restraint on alienation, in the law of real property, is a clause used in the conveyance of real property that seeks to prohibit the recipient from selling or otherwise transferring their interest in the property.

  7. Warren Buffett once said he’d buy a ‘couple hundred ... - AOL

    www.aol.com/finance/warren-buffett-once-said-d...

    Investing in real estate is possible even if you don't buy property. Warren Buffett once said he’d buy a ‘couple hundred thousand’ American homes — and he’d take out 30-year mortgages to ...

  8. Rule against perpetuities - Wikipedia

    en.wikipedia.org/wiki/Rule_against_perpetuities

    The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.

  9. What is a mortgagee clause? - AOL

    www.aol.com/finance/mortgagee-clause-190100413.html

    A mortgagee clause protects the lender even if the damage to the property was intentional and would otherwise void the insurance policy. If you’re like most homeowners, you’ll need a mortgage ...