Porscheâs Mission E may be very explicitly a concept carâits exaggerated lines and ridiculous ride height attest to that. But its mission is abundantly clear: This all-electric performance sedan is out for Tesla blood.
A land contract is a written legal contract, or agreement, used to purchase real estate, such as vacant land, a house, an apartment building, a commercial building, or other real property. A land contract is a form of seller financing.
The real estate term âunder contractâ means that a binding agreement exists between a buyer and a seller of property. The buyer and the seller are in agreement with the terms in the contract. When a property is under contract, the seller may not enter into contract with any other buyer. This is because the buyer is under obligation to purchase to property from the seller.