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Real Estate Glossary

What is Fixed Time?

Fixed time refers to a specific date or period of time that has been determined in advance for a particular event or action to occur. This can refer to a deadline for a project, a completion date for a construction, the date of an auction or sale, or the expiration date of a lease. In real estate, fixed time can refer to the date when the ownership of a property is transferred from the seller to the buyer, or the date when a lease begins or ends.