The release clause, also known as a buyout clause is a contract provision that allows for the freeing of all, or part of a property, through a […]
Release Clause
All posts tagged: Contract Clauses
Subordination Clause
The subordination clause, also known as the subordinate clause in real estate, finance, and banking refers to the order of priorities in claims for ownership or assets. […]
Prepayment Penalty Clause
A prepayment penalty is a fee some mortgage lenders charge if a borrower pays off their loan too quickly. Sounds a little crazy, right? Well, it kinda […]
Acceleration Clause
If a mortgage exists, odds are it includes an acceleration clause. The clause requires a borrower to repay all of an outstanding loan if upon a breach […]
Defeasance Clause
In certain states, a defeasance clause is a required contract provision that ensures that the title for the property is transferred to the buyer, once the mortgage […]
Alienation Clause
Lets talk about the alienation clause, also known as the due-on-sale clause. Don’t worry it has nothing to do with extraterrestrial life. The act of transferring title, […]
Habendum Clause
The habendum clause typically is a section of a contract that deals with rights and to whom or what is granted. A clause identifies a particular section […]
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