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A typical actual property contract specifies a date by which the closing should happen. As with all different kinds of legal presents, the other social gathering may accept the supply, reject it (in which case the supply is terminated), make a counteroffer (through which case the unique offer is terminated), or not respond to the offer (wherein case the provide terminates by the expiration date in it). However, the true property contract can specify a special date when possession adjustments palms. A constructing can last for many years and even centuries, and the land underneath it’s (...)