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Real Estate Glossary

What does The 72-Hour Clause mean?

The 72-hour clause is a provision that is often included in real estate contracts that gives the buyer a certain amount of time, usually 72 hours, to change their mind and cancel the contract without penalty. This clause is intended to provide the buyer with a cooling off period during which they can reflect on the purchase and make sure they are comfortable with it. The 72-hour clause is not mandatory and its inclusion is up to the parties involved.

Additional Principal Payment

Assignor

Chain of Title

Clear Title

Commission

Eminent Domain

Field Changes

Homeowners' Insurance

Impact Fees

Judgment

Lead paint disclosure

Mortgage broker

Option

Options (In a Lease)

Use (In a Lease)

Usury definition

Veterans Administration (VA)

Zero-Lot Lines

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Artur

Real Estate Assistant