Estate Contract in United Kingdom

Definition of Estate Contract

In accordance with the work A Dictionary of Law, this is a description of Estate Contract : A contract in which the owner of land agrees to create or convey a legal estate in the land; for example, he may contract to grant a lease or to sell or he may grant a valid option to purchase. The contract confers on the purchaser an equitable interest that is enforceable against third parties if registered.

See registration of encumbrances.