Definitions for "SUBJECT TO CONTRACT"
The agreement of a buyer to purchase a property, subject to certain conditions and satisfactory title being provided by the seller.
This is a legal phrase used before contracts are exchanged, which allows either the buyer or the seller to withdraw from the proposed sale without penalty.
These words should appear in every letter to the seller, the solicitor or agent, before contracts are exchanged. It is an accepted formula to stop a contract being created in correspondence.