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Specific Performance

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Specific Performance

A legal concept that requires a party to abide by the terms of an agreement.

A simple example can be if a PSA is executed and then the seller decides not to sell the land. The buyer can sue for Specific Performance and a court can enforce the terms of the contract requiring the seller to sell based on the terms in the executed PSA.

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AdventuresinCRE.com (A.CRE) was started by Spencer Burton and Michael Belasco during their first year of graduate real estate studies at Cornell University. The site was initially meant to fill a need for readily available real estate financial modeling tools. Today, it is the web's preeminent real estate financial modeling, careers, and education resource.

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