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The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the ...
The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds .
There's no easy solution. This Florida couple bought a vacant lot for $17,500 — but now they’ve discovered they’re barred by law from building on the new property.
A land grant is a gift of real estate—land or its use privileges—made by a government or other authority as an incentive, means of enabling works, or as a reward for services to an individual, especially in return for military service. Grants of land are also awarded to individuals and companies as incentives to develop unused land in ...
At common law, the benefit of a restrictive covenant runs with the land if three conditions are met: [14] The covenant must not be personal in nature – it must benefit the land rather than an individual; The covenant must 'touch and concern' the land – it must affect how the land is used or the value of the land
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