A lease of land only, on which the tenant usually owns a building or is required to build as a specified in the lease
A legally enforceable promise or set of promises that must be performed and for which, if a breach of the promise occurs, the law provides a remendy.
A listing contract under which the real estate professional's compensation is contigent on the real estate professional producing is sold by the seller or another real estate professional
An agreement by which a landowner allows for the exploration and production of oil and gas on teh landowner's property in return for payment
A tenant's right to occupy real estate during the term of the lease, generally considered a personal property interest, although a long-term lease may be eligible for treatment as real property for financing purposes
The practice of one party canceling or terminating a contract, which has the effect of returning the parties to their original positions before the contract was made
The tenancy of a lesee who lawfully comes into possession of a landlord's real estate but who continues to occupy the premises improperly after the lease rights have expired
A periodic tenancy under which the tenant rents for one month at a time
Substituting a new obligation for an old one or substituting new parties to an existing obligation
An employment contract in which the broker is employed as the client's agent
A lease of property according to which a landlord pays all property charges regularly incurred through ownership, such as repairs, taxes, insurance, and operating expenses
An installment sale contract where the buyer makes payments to the seller and receives the deed only after the buyer has paid the price in full
An agreement that gives a brokerage firm the exclusive right to market the seller's property and receive a commission during the term of the listing, regardless of who sells it
An estate that gives the lessee the right to possession until the estate is terminated by either party