Vendee

Business / Real Estate / Vendee: The purchaser of realty, the buyer. The buyer under a land contract.

Waste

Business / Real Estate / Waste: An improper use or an abuse of a property by a possessor who holds less than fee ownership, such as a tenant, life tenant, mortgagor or vendee. Such waste ordinarily impairs the value of the land or t MORE

Equitable Title

Business / Real Estate / Equitable Title: The interest held by a vendee under a contract for deed or an installment contract, the equitable right to obtain absolute ownership to property when legal title is held in anothers name. MORE

Contract For Deed

Business / Real Estate / Contract For Deed: The contract for deed is used extensively in many areas, where it may be called a land contract, agreement of sale, installment contract, articles of agreement, conditional sales contract, bond for de MORE

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