CategoriesBlog Real Estate

Legal Contract Series: Elements of a Contract

As a real estate enthusiast, investor or practitioner- your success or ability to thrive in the real estate industry depends on how frequently you increase your knowledge and skills. We will be deep diving into the technical legal aspects of being a professional real estate investor.


The core of our series will be on legal documents, and knowledge of contracts a practicing real estate enthusiast must be aware of.


First, what is a contract?

 

A contract is a LEGALLY ENFORCEABLE AGREEMENT between 2 or more parties that creates an OBLIGATION to do or not to do a particular thing.
It is an exchange of promises that the law will enforce.
What are the elements of a contract? We will take each of these elements one after the other and for today we shall focus on the first element.


The first element of a contract is an OFFER

An offer is a promise to act or refrain from acting, which is made in exchange for a return promise to do the same.

A buyer’s power of acceptance is created when the seller conveys a present intent to enter a contract in certain and definite terms that are communicated to the buyer.

Like marriage, acquiring a space (lease or outright buying) is one part love, one part legal transaction, and starts with a proposal. When brokering the transaction for your client making an offer is important: oral promises are not legally enforceable in real estate sale.

Below are 2 more duties you have as an agent to your client:

  1. Act with prudence in the Client’s interest: You have to put your client’s needs over your personal gain, this way you become known for your integrity and increase your client base.
  2. Duty to account to the client: Any and all plans to front-load the price of a property must be revealed to the Client (whether buyer or seller). This is part of the Duty to account.
CategoriesBlog tips & tricks

7 Ways to Enhance your Energy Level and Maximize your Productivity

Do you ever feel like you didn’t get everything done on your to-do list at the end of the day? You start the day with a plan and a goal in mind, but by the end of the day, your to-do list has grown even longer.

There are various things you may do to enhance your energy level and maximize your productivity. Fortunately, here are seven ideas to consider:

  1. Get More Sleep
    If you often feel tired throughout the day, you may need more quality sleep. Try going to bed earlier and reducing screen time before bed.
  2. Reduce Stress
    High levels of stress can make you feel tired and drained. Finding ways to minimize lifestyle-related stress can help keep up your energy levels.
  3. Move More
    If you live a sedentary lifestyle and feel low on energy, participating in regular exercises like brisk walking or cycling can boost your energy levels.
  4. Eat a Nutritious Diet
    A diet based on whole, healthy foods benefits your health and your energy levels. In contrast, a diet high in processed foods can negatively affect your energy levels.
  5. Avoid Added Sugar
    Eating foods high in sugar can give you a short-term energy boost followed by a slump. To avoid this, minimize your intake and focus on eating whole foods instead.
  6. Stay Hydrated
    Dehydration can make you feel tired. Make sure to drink enough water throughout the day and respond to your thirst, especially during exercise.
  7. Be Social
    Getting out of the house and mingling with other people is beneficial for both your energy levels and your health.

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admin@fineandcountryng.com

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Fine & Country is a global real estate brand, specializing in providing a premium service through exceptional marketing and professionalism in the upper quartile of the market.

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