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Clause
Understanding the inspection clause
The promoter will be obliged to rectify any structural defect in the house purchased, within thirty days, without any further charge.
6 years ago
2 min read
Indemnity clause Term Meaning in Real Estate - Guide
Indemnity clause is that provision in a contract under which one or both parties commit to compensate the other in case of any harm, liability or loss arising out of the contract
6 years ago
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Liquidated damages clause Term Meaning in Real Estate - Guide
When a party fails to perform the terms of the contract to which it is obligated, then that party has to provide compensation
6 years ago
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Inspection Contingency Clause Term Meaning in Real Estate - Guide
The inspection contingency clause is an offer in the contract that lets buyers perform inspections during a certain period of time.
6 years ago
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Addendum Term Meaning in Real Estate - Guide
An addendum is an addition made in an already existing written material
7 years ago
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