Definition of legislative. 1  1a : having the power or performing the function of legislatingb : belonging to the branch of government that is charged with such powers as making laws, levying and collecting taxes, and making financial appropriations â compare executive, judicial.
The purchase agreement is contingent on the buyer's approval of this report and any other matters affecting the title. The preliminary title report lists liens and other encumbrances on the property, as well as any defects in the seller's chain of title discovered during the title search.
Specific time frame. Typical real estate contract contingencies give buyers time to have a home inspection performed or obtain financing. A contingent sale offer gives buyers a set period, often 30 or 60 days, to list their home and enter into a contract.