Explanation of Important Points

Real estate glossary

Explanation of Important Points

An explanation provided by a licensed real estate transaction agent to the tenant regarding the terms of the rental agreement, the condition of the fixtures in the property, and other important matters. Before signing the contract, the agent is legally required to present you an Important Points Explanation sheet and verbally explain its contents. This rule is also in place to serve as a final confirmation of your agreement to the terms of the contract.

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