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Commonly Asked Questions about Housing Contracts

If a home is under contract, it usually means that the seller has accepted an offer from a buyer, and escrow has been opened, says Tamara Rizzi of The Rizzi Group. However, dont be too quick to take it off your list if it is truly a property you are interested in.
If you want to move out when your tenancy agreement ends, you need to tell your landlord in writing. This is called giving notice to quit. If you do not give notice to quit in writing, your landlord can argue that your tenancy is still running, and youre responsible for rent. Ending a private tenancy - Housing Rights housingrights.org.uk housing-advice en housingrights.org.uk housing-advice en
Notice About Service of Process Please note that HPD will only accept service in person on Mondays and Wednesdays, from 9:30 a.m. to 4:30 p.m., excluding holidays on which City agency offices are closed. You may also call HLD at 212-863-8200.
An under-contract real estate listing means the seller has accepted an offer and signed a purchase and sale agreement with a buyer. While both parties are one step closer to completing a sale, that doesnt necessarily mean its a done deal. Most offers include contingencies that must be met for the sale to close.
A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located.
It means that the buyer and seller have agreed to terms, and have written those down in a contract which both parties have signed (fully executed) and that the buyer has also put down some money to show their seriousness.
The New York City Department of Housing Preservation and Development (HPD) is the largest municipal developer of affordable housing in the nation.