The contract provision that says the buyer accepts the property along with any covenants, restrictions, easements, and zoning laws is called what

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01-01-2021
Business

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The contract provision that says the buyer accepts the property along with any covenants, restrictions, easements, and zoning laws is called what

Sagot :

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Lanuel Lanuel · Answer 1 · 2021-01-05T23:47:56-05:00

Answer:

Subject to clause.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation that is enforceable by law.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

Hence, the contract provision that says the buyer accepts the property along with any covenants, restrictions, easements, and zoning laws is called subject to clause.

Under a subject to clause, the buyer shall agree to the terms and conditions binding or set forth in the contract by the seller.

This ultimately implies that, there exist an agreement to sell and purchase by the two (2) parties (seller and buyer).

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