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Updated over 6 years ago,
Real Estate Contract "Prohibition" Line Item Question
Hello! I am filling out my first Purchase Contract for a house I plan to wholesale. I can understand the items in the contract at a high level, except for one. Can someone help me in just one or 2 sentences understand this line item in the Purchase Contract? .
- PROHIBITION:This agreement establishes a prohibition against transfer, conveyance
or encumbrance to Property
Thank you!