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F - Chapter 22

Land Installment Contracts

QuestionAnswer
after-acquired title a title acquired by a grantor subsequent to conveyance to a buyer - this ordinarily invests the buyer with the "after-acquired" title (500)
forfeiture the loss of the right to a down payment on real estate as a result of a breach of contract; a buyer's loss of an interest in property under a land installment contract, due to breach of the contract (510)
indemnification the act of compensating another in the event of loss (503)
land installment contract also known as a contract for a deed - a contract in which the buyer pays the purchase price on an installment basis - the seller/owner retains title until the purchase price is paid (499)
waste damage caused by the tenant, including failure to protect the premises from decay and ruin caused by the natural elements (503)
Created by: rainesv
 

 



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