Eg. Conditional upon Buyer getting Financing (mortgage approval) or Conditional upon Inspection of the property by a home Inspector. If there is a Condition on Financing & Inspection (for example) for 5 days, it means the Seller has agreed to accept the Buyer's offer and can't accept any other offers.
The habendum clause is a clause in deed or lease contracts that defines the lessee's rights, types of interest, and other details of ownership. Consisting of basic legal language, they are included in real estate and mineral rights agreements to provide a clear understanding of the contractual terms.
The Congress shall have Power to dispose of and make all needful Rules and Regulations respecting the Territory or other Property belonging to the United States; and nothing in this Constitution shall be so construed as to Prejudice any Claims of the United States, or of any particular State.
The classification of assets is at the foundation of property law. Real property refers to land and anything permanently attached to it, such as buildings or natural resources. These are fixed assets that cannot be easily moved or altered.
REAL PROPERTY Land and things attached to land; buildings, fences, walls, trees, growing crops, etc.
Most real estate contracts have a clause which specifies what personal property is included in or excluded from the sale. Sellers and buyers often forget to specify certain items, which leads to arguments at closing.
Sample wording: “This agreement may be terminated by either party by providing 30 days written notice to the other party.” Change control clauses: Manage how changes to the contract or project scope are handled. Sample wording: “Any changes to the scope of work must be made in writing and agreed upon by both parties.”
The County Clerk as Recorder of Deeds/Official Public Records: Texas Government Code, Local Government Code, Property Code, Uniform Commercial Code, Civil Practice and Remedies Code, Business and Commercial Code.
The clerk is the county recorder and as such accepts for filing and recording a wide variety of documents from deeds to marriage licenses to cattle brands. The clerk is also clerk to the County Court, a court of limited jurisdiction in civil and criminal matters, but the principal court for probate matters.
Real estate law covers deeds, property taxes, estate planning, zoning, and titles.