Real Estate Agreements

Real estate agreements are legally binding contracts related to buying, selling, or renting properties. They outline the terms of the transaction, including the price, payment methods, and responsibilities of each party. Common types include purchase agreements, lease agreements, and option contracts. These documents protect the interests of both buyers and sellers or landlords and tenants, ensuring clarity on conditions such as property condition, closing dates, and contingencies. Understanding these agreements is essential for anyone involved in real estate, as they define rights and obligations throughout the property transaction process.