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Restraint of Alienation |
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Restraint of AlienationRestrictions placed against the transfer (vesting) or sale of property. Certain restrictions are allowed but must conform to the rule against perpetuities and free right of an owner to sell. For example: Selling on the condition that the grantee could resell only to members of a certain family would be too restrictive and not valid.Restraint of Alienation Similar MatchesAlienation clauseAlienation clauseA provision that requires the borrower to pay the balance of the loan in a lump sum after the property is sold or transferred. |
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