Maine Release of Lot Clauses: Contract for Real Property
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Description
A clause dictates the conditions under which the contract is legally enforceable and determines the terms of the contract. Contracts often contain boilerplate clauses or standard clauses found across most contracts. These standard clauses do not require a lot of negotiation. Included is a Sample Release of Lot Clauses for a Contract for Real Property. A clause in a mortgage agreement for a subdivision that allows the borrower to pay a certain amount of money to release one or more lots with the mortgage continuing to cover the other lots.
