Commercial Real Estate In Michigan -  Jonathan Brateman Properties
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Glossary

REAL ESTATE SALES CONTRACTS


Default- failure to perform a legal duty; such as failure to carry out the terms of a contract

Earnest Money Deposit- money that accompanies an offer to purchase as evidence of good faith

“Time is of the Essence”- a phrase that means that the time limits of a contract must be faithfully observed or the contract is voidable

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Jonathan Brateman

40015 Grand River
Suite 105
Novi, Michigan 48375

(248) 477-5000
FAX: (248) 919-5976

Commercial Realestate Properties represented by Jonathan Brateman Properties

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