Guaranteed-Sale Contract Law and Legal Definition
A guaranteed-sale contract is also termed as guaranteed-purchase contract. A guaranteed-sale contract is a contract between a real-estate agency and a property owner. In a guaranteed-sale contract, the agency agrees to buy the property at a guaranteed price after a specified length of time, provided the property has not been sold under the listing agreement. Normally, the guaranteed price shall be a substantial discount from the listed price.
Legal Definition list
- Guaranteed-Amount Equivalent
- Guaranteed-Amount Equity Derivative
- Guaranteed Student Loan
- Guaranteed Renewable Life, Health, and Accident Insurance Policy [Internal Revenue]
- Guaranteed Renewable (Health Care)
- Guaranteed-Sale Contract
- Guarantor
- Guarantor of Collectibility
- Guarantor of Payment
- Guaranty
- Guaranty Agreement
