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AGREEMENT OF SALE Contract signed by buyer and seller stating the terms and conditions under which a property will be sold. BOOT Money or other property given to make up any difference in value or equity between two exchanged properties. CHATTEL Personal property which is tangible and moveable. INSPECTION A visit to and review of the premises. A prudent purchaser of property always inspects the premises before closing. LIFE ESTATE Any estate in real or personal property which is limited in duration to the life of its owner or the life of some other designated person. |
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