GlossaryResolutive conditions

What means Resolutive conditions?

When purchasing real estate">commercial real estate, you can include several resolutive conditions in the purchase agreement. Common conditions include:

  • Financing condition: the sale can only proceed if financing is secured with a lender.
  • Zoning plan: the transaction is dependent on obtaining approval of the zoning plan from the municipality.
  • Structural inspection and investigation of contaminated soil.