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.
It means there is an agreed to offer (contract) that is contingent based on either the buyer/seller selling/buying another property, or it can be that the property is a short sale and the buyer has not agreed to ALL the terms and the sellers are still showing and accepting offers.