👉 Liquidated is a legal concept in the field of property law, specifically in the context of real estate transactions. It refers to the amount that must be paid or exchanged for possession of an interest in property upon its transfer. In the case of real estate, liquidated amounts are typically specified as a condition precedent to the sale or transfer of property. These amounts are usually set by contract and serve as a guarantee that the seller will fulfill their obligations under the agreement. For example, if a buyer purchases
