<P> A real estate contract is a contract between parties for the purchase and sale , exchange , or other conveyance of real estate . The sale of land is governed by the laws and practices of the jurisdiction in which the land is located . Real estate called leasehold estate is actually a rental of real property such as an apartment , and leases ( rental contracts ) cover such rentals since they typically do not result in recordable deeds . Freehold ( `` More permanent '' ) conveyances of real estate are covered by real estate contracts , including conveying fee simple title , life estates , remainder estates , and freehold easements . Real estate contracts are typically bilateral contracts ( i.e. , agreed to by two parties ) and should have the legal requirements specified by contract law in general and should also be in writing to be enforceable . </P>
what is the minimum number of parties required to enter into a deed
two parties