Breach of Contract refers to the violation of the terms agreed upon in a legal contract, enabling the affected party to seek legal remedies such as rescission of the contract, damages, or specific performance.
A conservation easement is a legal agreement, voluntarily entered into between a landowner and a government agency or land trust, that limits the use of land to protect its conservation value.
A contract is a legally binding agreement between two or more competent parties to undertake or refrain from specific actions in exchange for consideration. In real estate, a valid contract typically includes essential elements such as an offer, acceptance, competent parties, consideration, lawful purpose, and documentation.
An equitable mortgage is a legal arrangement where the property is encumbered similarly to a traditional mortgage loan but may not technically qualify as a mortgage due to a legal error or omission in documentation. Despite these errors, the courts can enforce an equitable mortgage to reflect the intentions of the parties involved.
An indenture is a formal legal agreement made between two or more parties, especially regarding obligations in the world of real estate, finance, and bond issuance.
